BOSTON, Jan. 30, 2017 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS were stable for all of 2016 and rose slightly in December.
During the month, the estimated price of whole loans securing the CMBS universe increased to 97.7% at the end of December from 97.5% in November. Prices were 97.6% in December 2015.
"In 2016, the volatility in Treasury rates was mostly offset by tightening spreads, so the net result was a fairly stable year for loan pricing," said DebtX Managing Director Will Mercer. "For December, CMBS prices posted a slight increase. Spreads fell over the month, which led to the small uptick in prices."
As of the end of December, DebtX had priced $976 billion in commercial real estate loans that collateralize U.S. CMBS trusts. The median adjusted loan-to-value increased to 58%, while the median debt service coverage ratio remained at 1.51. The median estimated loan yield remained at 4.4%.
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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