Managing Interest Rate Risk With a Bank Loan Term Sheet
South State Correspondent
FEBRUARY 18, 2024
An interest rate hedging strategy, specific hedge duration, amortization term, capital infusion covenants, and other loan structure requirements become more critical with higher leverage loans. This loan was underwritten to 1.20X debt service coverage ratio (DSCR), 76% loan-to-value (LTV), 9.2%
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