A contractual obligation embedded in a commercial mortgage agreement that the borrower must maintain throughout the life of the loan. Common covenants include minimum DSCR thresholds (e.g., 1.20x), maximum LTV ratios, reserve fund requirements, and restrictions on taking on additional debt or making ownership changes without lender approval.
Lending Covenant
A contractual obligation embedded in a commercial mortgage agreement that the borrower must maintain throughout the life of the loan. Common covenants include minimum DSCR thresholds (e.g., 1.20x), ma
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