For example, a project with 70 percent bank debt, 10
percent subordinated debt and 20 percent equity, could be viewed by the senior lender as a project having roughly 70 percent bank debt and 30 percent equity.
Not exact matches
Under European rules, a public recapitalization entails that equity holders and
subordinated creditors (owners of high - ranking
debt) will have to share the burden and enter a «bail - in» of 8
percent (minimum) before public money is used.
We estimate recoveries could potentially range from 30
percent or less for
subordinate, unsecured or appropriated
debt to as high as 100
percent for bonds that are deemed by the courts as secured.
For loans that receive a «refer» risk classification from TOTAL Mortgage Scorecard (TOTAL) and / or are manually underwritten, the homeowner's total monthly mortgage payment, including the first and any
subordinate mortgage (s), can not be greater than 31
percent of gross monthly income and total
debt, including all recurring
debts, can not be greater than 50
percent of gross monthly income (these are very rarely accepted and if this is the outcome of initial underwriting, other options should be considered)