The aggregate value of underlying commercial real estate (CRE) loans priced by Boston-based loan sale advisor DebtX that collateralize commercial mortgage backed securities (CMBS) rose to 85.2 percent last month, up strongly from 80.3 percent in November 2010.
On a month-to-month basis, loan prices were essentially flat from the October figure of 85.3 percent.
"CRE loan prices in November were largely unchanged," DebtX CEO Kingsley Greenland said in a statement. "Compared to a year ago, however, prices are up strongly, and the trend throughout 2011 has been steadily rising CRE loan prices."
In November, DebtX priced 52,354 CRE loans with a $626.5 billion aggregate principal balance. The loans collateralize 648 U.S. CMBS trusts, according to a statement.





