DebtX: CMBS Loan Prices Edge Down In October

Nov 30, 2015, 09:00 ET from DebtX

BOSTON, Nov. 30, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe decreased slightly in October.

"We saw a small decline in CMBS loan prices in October and year-over-year," said DebtX Managing Director Will Mercer. "This decline was mainly due to an upward shift in the Treasury yield curve and a small increase in credit spreads."

As of the end of October, DebtX had priced $885 billion in commercial real estate loans that collateralize U.S. CMBS trusts, up from $879 billion in September. The estimated price of whole loans securing this universe decreased to 97.4% at the end of October from 98.4% at the end of September. Prices were 98.7% in October 2014. 

Median adjusted loan-to-value decreased to 57% in October while the median debt service coverage ratio remained at 1.46. The median estimated loan yield increased slightly to 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 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, 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 Follow DebtX on Facebook, Twitter and LinkedIn.

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