Commercial Lender Dashboard
All-in-one loan analysis. Enter deal parameters to calculate DSCR, LTV, Debt Yield, and maximum loan amounts.
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Expert FAQ
What is "Global DSCR" and why do lenders audit it?
Global Debt Service Coverage Ratio (DSCR) looks beyond the subject property to the guarantor's entire portfolio and personal income. It ensures the borrower isn't "robbing Peter to pay Paul" to keep one property afloat.
How do lenders view "Debt Yield" vs. LTV?
LTV is market-dependent (appraisal), while Debt Yield (NOI / Loan Amount) is purely performance-based. Lenders use Debt Yield as a floor (often 8-10%) to ensure they can recover their principal regardless of cap rate fluctuations.
What are "Bad Boy Carve-outs" in non-recourse loans?
These are specific triggers (fraud, waste, bankruptcy, environmental damage) that convert a non-recourse loan into a full-recourse obligation for the guarantor.
How does a "Step-Down" prepayment penalty work?
Common in CMBS and bank loans (e.g., 5-4-3-2-1), the penalty decreases by 1% each year. This provides flexibility for the borrower compared to yield maintenance or defeasance.
Why is "Replacement Reserve" (CapEx) underwriting critical?
Lenders deduct reserves ($0.15–$0.25/sqft) from NOI before calculating DSCR to ensure the property can fund its own maintenance and tenant improvements without further equity calls.