BOSTON, July 27, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe fell slightly in June.
"CMBS loan prices saw a modest dip in June, but are still up from the same time last year," said DebtX Managing Director Will Mercer. "The decline is mostly attributable to the upward shift in the Treasury yield curve, as the underlying fundamentals didn't change much."
As of the end of June, DebtX had priced $872 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe was 98.6% at the end of June compared to 99.3% at the end of May. Prices were 95.9% in June 2014.
Median adjusted loan-to-value remained at 58% in June and median debt service coverage ratio also held at 1.44. The median estimated loan yield increased to 4.3%.
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, 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. 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.