The dashboard includes CMBS properties where servicers include COVID-19 alert in the servicer commentary for investors to do further analysis. Viewers can filter the properties by location, loan status, originator, and can also view the distributions of current loan-to-value (LTV) ratios and the current debt service coverage ratio (DSCR), the two most important variables in evaluating the commercial mortgages.
- The DSCR is the relationship of a property's annual net operating income (NOI) to its annual mortgage debt service (principal and interest payments). If a property has a DSCR of less than 1, the property does not generate enough revenue to cover annual debt payments.
- The LTV ratio measures the value of a loan against the value of the property. If a property has an LTV ratio of more than 100 percent, the property value is lower than the outstanding loan amount.