Kamoo likalimo tsa CES li Sebelisang DSCR ho Lichelete tsa Thepa ea Matsete

Bakeng sa batseteli ba thekiso ea matlo le meaho, kalimo ea Closed-End Second (CES) e fana ka mokhoa o ikhethileng oa ho tšehetsa thepa eo e seng beng ba eona ntle le ho itšetleha ka chelete ea motho. Ka ho sebelisa Tekanyetso ea Ts'ebeletso ea Likoloto (DSCR) ho tšoaneleha, likalimo tsena tse thehiloeng ho chelete ea thepa li shebana le phallo ea chelete ea khiriso, e leng se etsang hore e be tse loketseng bakeng sa ho phahamisa li-portfolio. Ha re hlahlobeng hore na likalimo tsa CES li sebetsa joang bakeng sa likalimo tse thehiloeng ho phallo ea chelete le hore na hobaneng li fetola papali.

Kalimo ea CES ke kalimo ea nako e tsitsitseng ea bobeli e sa lumelleng ho huloa ho eketsehileng, hangata e sebelisoang hammoho le mokoloto oa mantlha bakeng sa likalimo tseo e seng tsa beng ba tsona. Ho fapana le mekoloto ea matlo ea bobeli, e ka hlokang bopaki ba chelete ea motho, Kalimo ea Bobeli e Koetsoeng bakeng sa thepa ea matsete e phahamisa DSCR ho lekola ho tšoaneleha. Debt Service Coverage Ratio e lekanya chelete ea selemo le selemo ea khiriso ea thepa khahlano le litlamo tsa eona tsa mokoloto, ho kenyeletsoa litefo tsa pele le tsa bobeli tsa mokoloto oa ntlo (mokoloto, tsoala, makhetho, inshorense le litefiso tsa HOA). DSCR ea 1.0 kapa ho feta e bonts'a chelete ea thepa e koahelang mekoloto ea eona, 'me ba alimang hangata ba khetha 1.25 bakeng sa likalimo tsa phallo ea chelete.

Mokhoa ona oa ho netefatsa hore ha o na chelete ea motho ke phephetso e kholo. Batseteli ha ba hloke li-W-2 kapa litefiso tsa lekhetho; ho e-na le hoo, ba alimang ba hlahloba bokhoni ba khiriso ea thepa, ho etsa hore likalimo tsa CES li fumanehe bakeng sa ba nang le lichelete tse rarahaneng. E boetse e fumaneha ho tsoa kantle ho naha, e lumellang bo-ramatsete ba machabeng ho sebelisa matlo le meaho ea US ntle le lirekoto tsa chelete ea lehae. Mohlala, moahi oa kantle ho naha a ka fumana kalimo ea CES setšeng sa khiriso se hlahisang $4,000 khoeli le khoeli ka DSCR ea 1.3, ho feta litšitiso tsa chelete ea motho.

Piggyback ok meaho e ntlafatsa ho tenyetseha. Kalimo ea Bobeli e Koetsoeng e ka koahela litefo kapa lintlafatso, tse kopantsoeng le mokoloto oa pele oa ntlo ho fokotsa litšenyehelo tsa pele. Ak'u inahanele hore motjhelete a shebile thepa ea khiriso ea $ 500,000: mokoloto oa pele o koahela 75% ($ 375,000), 'me kalimo ea CES e tšehetsa 20% e setseng ($ 100,000), e siea 5% feela ea chelete. Sena leqReserves liquidity bakeng sa matsete a mang.

Leha ho le joalo, likalimo tsa CES tse thehiloeng ho DSCR li tla le li-caveats. Sekhahla sa tsoala mekolotong ea bobeli hangata se phahame, 'me likhakanyo tse kopantsoeng tsa mokoloto-to-value (CLTV) li ka fihla ho 75-85%. Likheo kapa lichifi tsa 'maraka le tsona li ka ama likalimo tse thehiloeng ho chelete ea thepa, kahoo bo-ramatsete ba tlameha ho netefatsa tlhoko e matla ea khiriso. Leha ho na le lintlha tsena, likalimo tseo e seng beng ba tsona joalo ka likalimo tsa CES li fana ka menyetla e ke keng ea lekanngoa ea kholo ea potefolio, haholo ntle le netefatso ea chelete ea motho le likhetho tse fumanehang tsa naha ea kantle ho naha.