Fitch reviewed a comprehensive sample of the transaction’s collateral, including site inspections on 76.4% of the properties by balance, cash flow analysis of 87.6%, and asset summary reviews on 100% of the pool. KEY RATING DRIVERS High Fitch Leverage: The pool has higher leverage statistics than other recent Fitch-rated transactions. The pool’s weighted average (WA) Fitch debt service coverage ratio of 1.04x is below both the YTD 2016 average of 1.14x and the 2015 average of 1.18x. The pool’s weighted average (WA) Fitch LTV of 115.3% is above both the YTD 2016 average of 108.7% and the 2015 average of 109.3%. High Pool Concentration: The largest 10 loans account for 56.1% of the pool by balance. This is in line with the YTD 2016 average of 56.2% and greater than the 2015 average of 49.3%. The pool’s average concentration resulted in a loan concentration index (LCI) of 419, which is comparable to the YTD 2016 average of 430, but worse than the 2015 average of 367. Good Primary Market Exposure: Seven out of the top 10 properties totaling 39.7% of the pool are located in the central business districts of primary markets including New York, Denver, business loans for women Los Angeles and Austin.
As A Non-bank Lender, Merchant Advisors Offers Low Longer Terms And Low Rates For More Effective Business Financing.
The cost of borrowing money can be very high without proper planning. Our goal is to serve our clients’ immediate and long term financial needs from basic business loans and credit lines to the most intricate financial situations. Read More Business Loans Information: Business loans are an important part of a business’s survival and ultimate success. With a personal savings business loan there is no one to repay, therefore issues such as interest and monthly payments become moot because the business owner is issuing the business loan his or herself. In today’s fast paced market time is money and we make sure you waste neither. Some things to think about include: How badly does your business need the money?