DebtX: CRE Loan Prices In July Were Steady Compared To Prior Year

Aug 29, 2013, 09:00 ET from DebtX

BOSTON, Aug. 29, 2013 /PRNewswire/ -- Prices for impaired performing loans traded at DebtX ticked up in July, while non-performing CRE loans were effectively flat. Prices for CRE loans in the CMBS universe were down slightly, according to DebtX, the largest marketplace for loans.

"In July, there was some continued improvement in loan-to-value ratios, but it was offset by a small, upward shift in the Treasury yield curve," said DebtX Managing Director Will Mercer.  "The secondary loan market remains active and little changed in terms of price. Loan values are essentially right where they were a year ago."

DebtX reported the following for July 2013:

  • CMBS Loan Pricing. The estimated price of whole loans securing the US CMBS universe decreased to 90.7% as of July 31, 2013 from 90.8% as of June 30, 2013. Loan values were 88.1% on July 31, 2012.
  • Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 78.2% in July 2013, up from 77.5% in June 2013. Prices were 77.6% in July 2012.
  • Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 50.9% in July 2013, down from 51.1% in June 2013. Prices were 49.9% in July 2012.
  • Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 97.9, up from 96.4 in June 2013. The Index was 111.7 in July 2012.

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.

About DebtX
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 +1.617.531.3400 or visit Follow DebtX on Facebook, Twitter and LinkedIn.