DebtX: CMBS Loan Prices Fell In 2015

Prices Were Steady in Final Month of the Year

Feb 08, 2016, 09:00 ET from DebtX

BOSTON, Feb. 8, 2016 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS fell 210 basis points from January 2015 to December 2015.

In December 2015, the estimated price of whole loans securing the CMBS universe was unchanged from November 2015 at 97.6%.

"In 2015, CMBS loan prices dropped 210 basis points primarily due to a rise in interest rates across the yield curve and a widening of market spreads across all collateral types," said DebtX Managing Director Will Mercer. "From November 2015 to December 2015, CMBS loans were flat, despite an upward shift in the Treasury yield curve and a slight increase in credit spreads."

As of the end of December 2015, DebtX had priced $900 billion in commercial real estate loans that collateralize U.S. CMBS trusts.  Median adjusted loan-to-value increased to 58% in December while the median debt service coverage ratio increased to 1.47. The median estimated loan yield increased slightly to 4.6%.

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., South America, Europe and Asia. Call 617.531.3400 or visit Follow DebtX on Facebook, Twitter and LinkedIn.

Logo -