debtxThe value of commercial real estate (CRE) loans increased in August, according to a recent report.

The aggregate value of CRE loans priced by Boston-based DebtX that collateralize Commercial Mortgage-Based Securities (CMBS) increased to 81 percent as of Aug. 31 from 79.4 percent as of July 30, according to a statement. Loan values were 77 percent as of Aug. 31, 2009.

"A falling yield curve and the strong demand for product contributed to an increase in CRE loan prices in August," said DebtX CEO Kingsley Greenland. "Both positive price trends more than offset the historically high rates of loan delinquency and default among CRE borrowers."

In August, DebtX priced 57,586 CRE loans with a $679.1 billion aggregate principal balance.

Report: Commercial Real Estate Loan Prices Rise In August

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