DebtX: Commercial Real Estate Loan Prices Rose In January
BOSTON, March 3, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that Commercial Real Estate (CRE) loan prices increased across the board in January.
"Commercial real estate loan prices got off to a good start in 2014," said DebtX Managing Director Will Mercer. "We saw increases in both impaired performing and non-performing secondary market trades. CMBS loans saw a nice increase as well."
DebtX reported the following for January 2014:
- CMBS loan prices. The estimated price of whole loans securing the U.S. CMBS universe increased to 94.1% as of January 31, 2014 from 92.6% as of December 31, 2013. Loan values were 89.2% on January 31, 2013.
- Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 79.8% in January 2014, up from 79.2% in December 2013. Prices were 80.0% in January 2013.
- Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 50.5% in January 2014, up from 48.4% in December 2013. Prices were 52.3% in January 2013.
- Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 109.8, down from 110.2 in December 2013. The Index was 107.1 in January 2013.
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 about DebtX's suite of valuation, data and analytics products, call 617.531.3429. 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 and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.