Prices on auctioned commercial loans improved in April because of tightening credit spreads, Boston-based loan advisor DebtX said.
The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize CMBS increased to 76.4 percent as of April 30, from 75.9 percent in March. Loan values were 79.4 percent as of April 30, 2009.
"The increase in U.S. CMBS collateral prices was the result of tightening credit spreads and a flattening of the Treasury yield curve," said DebtX CEO Kingsley Greenland. "Those factors more than offset a deterioration in commercial real estate fundamentals."
In April, DebtX priced 58,352 CRE loans, with an aggregate principal balance of $691 billion.





