BOSTON, Jan. 8, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe increased in November.
"CMBS loan prices rose modestly in November, an uptick from the past two consecutive months of steady pricing," said DebtX Managing Director Will Mercer. "However, the year-over-year increase was more substantial, with prices jumping from 92.7% in 2013 to 99.1% in 2014."
As of the end of November, DebtX had priced $848 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe increased to 99.1% at the end of November, from 95.8% at the end of October. Prices were 92.7% in November 2013.
Median adjusted loan-to-values in November remained at 59%, reflecting no change from October, with median debt service coverage ratios continuing to hold at 1.42. Median estimated loan yields decreased to 4.1%.
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.