Prices on auctioned commercial loans decreased slightly in September, according to Boston-based DebtX.
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 80.5 percent as of Sept. 30 from 81 percent as of Aug. 31.
Loan values were 77.2 percent as of Sept. 30, 2009.
"The recent trend of rising loan prices paused in September, but is likely to continue due to tightening loan spreads and improving real estate conditions," said DebtX CEO Kingsley Greenland. "In September, however, an increase in delinquency rates and steeper yield curve impacted CMBS collateral prices."





