debtxThe price of auctioned commercial real estate (CRE) loans rose for the second month in a row, according to Boston-based DebtX.

The aggregate value of CRE loans priced by DebtX that collateralize CMBS increased to 79.9 percent as of Feb. 28 from 79.8 percent as of Jan. 31, according to a statement. Loan values were 76.5 percent as of Feb. 26, 2010.

"In February, loan prices rose modestly for a second straight month," said DebtX CEO Kingsley Greenland. "Since July 2010, prices for commercial real estate loans have remained at approximately the same level due largely to modestly improving fundamentals in the commercial real estate market."

In February, DebtX priced 55,094 CRE loans with a $657.1 billion aggregate principal balance, according to a statement.

CRE Loan Prices Rise In February

by Banker & Tradesman time to read: <1 min
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