I’m trying to practice solar site financial modelling and am confused about loan amortisation (with a DSCR constraint).
do you need to have equal total debt service payment (principal + interest)? Or can you just have equal principals? Or is the only important thing that total debt service doesn’t breach covenant (issue with that is you can use an excel solver to solve for principal amounts, but you may end up with wildly different principal / total debt service payment amounts), so I just wanted to know whether it matters how much you pay back each year? (beyond simple DSCR constraint)?