"CMBS prices rose in June and year-over-year, but we also saw a slight decrease in the median loan yield," said DebtX Managing Director Will Mercer. "The downward movement of the Treasury yield curve was the primary driver of the increase in prices."
As of the end of June, DebtX had priced $953 billion in commercial real estate loans that collateralize U.S. CMBS trusts, up from $942 billion in May. The median adjusted loan-to-value remained at 57% and the median debt service coverage ratio was 1.49. The median estimated loan yield was 4%.
DebtX provides third-party loan valuation services for both public and private clients, as well as analytics and data based on over a decade of secondary market loan sales at DebtX. To learn more, call 617.531.3429 or for information about loan sale advisory services, call 617.531.3400.
DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory, DebtX maximizes loan sale proceeds for financial institutions and government agencies. DebtX also provides loan valuation, analytics and market data for regulatory and audit purposes. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. For loan originators and risk managers, DXScore® is the firm's credit rating system for commercial real estate loans. DebtX is based in Boston, with offices across the U.S., South America, Europe and Asia. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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