BOSTON, June 29, 2016 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS declined in May.
During the month, the estimated price of whole loans securing the CMBS universe decreased to 98.6%, down from 100% in April. Prices were 99.3% in May 2015.
"CMBS prices fell in May, and we saw a slight decrease in the proportion of performing loans to non-performing loans," said DebtX Managing Director Will Mercer. "The price decline can be attributed to an increase in the Treasury yield curve and the minor change in portfolio composition."
As of the end of May, DebtX had priced $942 billion in commercial real estate loans that collateralize U.S. CMBS trusts, up from $896 billion in April. For the fourth consecutive month, 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 4.2%.
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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