Originally Published January 9, 2021 | Securities & Finance

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. 

The final data we used to generate the dashboard is sourced from Bloomberg and is accessible via an online spreadsheet. For more information, please contact us at info@vegaeconomics.com.