debtxA modest improvement in the commercial real estate market caused a slight price decrease of auctioned commercial loans in March, according to a new report.

The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 79.8 percent as of March 31, down from 79.9 percent as of Feb. 28.

Loan values were 75.9 percent as of March 31, 2010.

"Commercial real estate loan prices in March were largely unchanged from February and remained at approximately the same level throughout the first quarter of 2011," said DebtX CEO Kingsley Greenland. "The stabilizing prices suggest continuing modest improvement in the underlying fundamentals of the commercial real estate market."

 

C.R.E. Loan Prices Decrease Slightly In March

by Banker & Tradesman time to read: <1 min
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