REAL ESTATE UNDERWRITING

Debt yield

Also called: loan debt yield

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PLAIN-ENGLISH DEFINITION

A lender metric commonly calculated as NOI divided by loan amount.

What it means in practice.

Debt yield measures property income relative to lender exposure without relying on interest rate or amortization assumptions.

Why it matters.

It is often used alongside LTV and DSCR in commercial underwriting.

Additional notes.

Debt yield measures property income relative to lender exposure without relying on interest rate or amortization assumptions.

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