CRE Loans Traded At DebtX Remain Firm In August

Sep 26, 2013, 09:00 ET from DebtX

BOSTON, Sept. 26, 2013 /PRNewswire/ -- Prices for impaired performing and non-performing loans traded at DebtX maintained their strength and improved slightly in August, while loan prices in the CMBS universe ticked down modestly, said DebtX, the largest marketplace for loans.


"Prices in August continued to trade in a narrow range, as they have for the past 12 months," said DebtX Managing Director Will Mercer. "Given the price stability in the marketplace, sellers are more confident they can get the execution they need. Thus far in 2013, DebtX is on track to exceed the high-water mark for unique sellers offering loans at the marketplace."

DebtX reported the following for August 2013:

  • CMBS Loan Pricing. The estimated price of whole loans securing the US CMBS universe decreased to 90.2% as of August 30, 2013 from 90.7% as of July 31, 2013. Loan values were 88.7% on August 31, 2012. 
  • Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 79.1% in August 2013, up from 78.3% in July 2013. Prices were 77.7% in August 2012.
  • Non-performing loan prices.  The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace increased to 50.8% in August 2013, up from 50.6% in July 2013. Prices were 50.5% in August 2012.
  • Marketplace liquidity.  The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 99.2, up from 97.6 in July 2013. The Index was 110.2 in August 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.