... ratios that can be sustained by a matched income to interest cover of 1:1. The situation looks most secure for industrial properties with higher sustainable loan to value ratios. However all the sustainable loan to value ratios would be reduced if more realistic income to interest cover was required...

...Julie Saward Outlines the framework of subordination of secured loans. Covers the variation of priority of security, subordination techniques, payment freezes on the junior debt, trustees of security, guarantee clauses and the freedom of action of the senior creditor. Suggests that, in addition...

... development Security ...