Debt Underwriting and Sizing

Debt Underwriting and Sizing

GENERAL_debt_underwriting

Size up the maximum debt that can be supported by a property’s cash flow by “layering” different levels of financing – either by additional financing on top of a first mortgage or evaluating CMBS tranches up to a certain loan-to-value (LTV). Can perform both fixed-rate financing (over a US Treasury benchmark) or floating-rate financing (over LIBOR).