Sentences with phrase «demanding debt service coverage»
However, life companies have the toughest underwriting requirements, typically demanding debt service coverage ratios of more than 1.5 x and refusing to lend more than 60 percent of the value of a property, says Bakst.
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On the positive side for credit markets, there is a healthy economic backdrop, ample interest coverage for debt service, and strong demand.
Traditional lenders, including commercial banks and insurance companies, have become strict in their underwriting criteria, demanding recourse, high debt service coverage ratios and equity contributions of at least 35 percent.