The banks also expected Kushner to be able to more than double the building's office rents from $53.5 million per year to $118.6 million. Such aggressive values were necessary in order to keep the building's loan-to-value ratio (LTV) in a reasonable range since based on the purchase price of $1.8 billion, the $1.215 billion senior loan represented a 67.5% LTV. However, using the appraised value reduced the LTV to a more conservative 60.75%, making the CMBS seem safer to credit rating agencies. More worryingly, the building's in-place rents yielded a debt service coverage ratio (DSCR) of just 0.65x, meaning that the building's net cash flows could only pay for 65% of the senior loan's interest payments, before paying for the mezzanine loans, the senior loan's principal, or any returns to Kushner. If Kushner was unable to raise rents to the levels anticipated, the building would lose millions of dollars a year just in interest payments on the senior loan.