Sun Country Inc. entered into an agreement with the U.S. Department of the Treasury and the Bank of New York Mellon. Sun Country agreed to several financial covenants as part of the loan and guarantee agreement.3 Certain trigger events will occur should Sun Country’s DSCR fall below a spe...
To qualify for a DSCR loan, you must have 20 percent of the total loan value for a down payment. Some lenders require a higher down payment amount of 25 percent, but the general range is 20 to 25 percent. You’ll also pay lender and service fees, which may range from zero percent ...