debtxA steady market led to a slight rise in prices of auctioned commercial loans in January, according to Boston-based DebtX.

The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-back security (CMBS) increased to 79.8 percent as of Jan. 31, 2011 from 79.4 percent as of Dec. 31, 2010.

Loan values were 76.8 percent as of Jan. 29, 2010.

"Loan prices rose modestly in January for the first time since October," said DebtX CEO Kingsley Greenland. "Despite the small increase due to softening Treasury yields, the underlying conditions in the commercial real estate market were little changed between January and December."

In January, DebtX priced 55,253 CRE loans with a $658.3 billion aggregate principal balance, according to a statement.

 

C.R.E. Loan Prices Rise In January

by Banker & Tradesman time to read: <1 min
0