Sentences with phrase «minimum debt coverage ratio»

Not exact matches

Furthermore, a $ 9 million contingency reserve is available until 6 months after scheduled substantial completion to cover construction cost overruns and help maintain target minimum debt service coverage ratios.

Financial covenants are frequently ratios that the borrower is required to stay above or below (a 2:1 debt - to - equity ratio or interest coverage ratio, for example), but there are usually also restrictions on debt levels and minimum working capital requirements.

The bank will also want to know that you have at minimum a 1.25 debt service coverage ratio (DSCR).