GA Telesis Loan-To-Value vs. Long-Term-Value / By Abdol Moabery

Whenever there is a hint of recession, in sectors where secured leverage is used to boost investment yields, talk about LTV (loan-to-value) tests on assets and portfolios starts to percolate.  These tests, propagated by banks, are a covenant put in place to protect the lender from a drop in asset value.  […]