Question $4(5$ points$)$

Which risk assessment ratio or commercial real estate mortgage underwriting metric is offen used by used by lenders who are ofiginating loans that will be package together and used as collateral for the issuance of commercial mortgage$-$backed securities $($CMBS$)?$

Loan$-$to$-$value $($LTV$)$ ratio

Debt coverage ratio $($DCR$)$

Debt yield ratio

Breakeven ratio