medium · Asset-Backed Securities
A CMBS loan is secured by an office building with an underwritten NOI of $2,765,000. The loan balance is $24M and it is an Interest-Only (IO) structure with a 5.40% interest rate.
What is the Debt Service Coverage Ratio (DSCR)?
- 1.45x
- 11.5%
- 2.13x
- 1.15x
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