The aggregate value of commercial real estate (CRE) loans priced by Boston-based loan sale advisor DebtX that collateralizes CMBS decreased slightly to 76.9 percent as of Oct. 30, from 77.2 percent at the end of September. The aggregate value is down from 81.3 percent at Jan. 30.

"Loan prices in the CMBS universe have remained relatively flat over the past four months after trending downward in the first half of the year," said DebtX CEO Kingsley Greenland. "Current loan prices reflect the fact that improving fundamentals in the capital markets are being offset by continuing deterioration of CMBS collateral quality. We are likely to see more of the same in coming months."

DebtX priced 60,862 CRE loans with a $711.5 billion aggregate principal balance as of Oct. 30. Each of these loans, which collateralize 632 US CMBS trusts, received a DXMark. DebtX’s valuations are based on actual secondary market sales of CRE loans that take place at DebtX, according to a statement.

 

Commercial Real Estate Loan Prices Drop Slightly In Oct.

by Banker & Tradesman time to read: 1 min
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