Prices on auctioned loans dropped slightly in November, according to Boston-based DebtX.
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 80.3 percent as of Nov. 30, down from 80.9 percent as of Oct. 29. Loan values were 77.7 percent as of Nov. 30.
"The decline in the value of commercial real estate loans in November was due primarily to an increase in Treasury rates," said DebtX CEO Kingsley Greenland. "Rising Treasury yields were partially offset by tighter whole loan spreads for higher quality assets."
In November, DebtX priced 55,886 CRE loans with a $662.5 billion aggregate principal balance. These loans, which collateralize 616 U.S. CMBS trusts, each received a DXMark, a price based on 10 years of data from billions of dollars in loan sales executed by DebtX, according to a statement.





