DebtX: CMBS Loan Prices Hold Firm In May
Jul 09, 2015, 09:00 ET
BOSTON, July 9, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe remained steady in May.
"For the second consecutive month, CMBS loan prices held firm, despite a small upward shift in the yield curve," said DebtX Managing Director Will Mercer. "Any movement in rates was largely offset by spread adjustments. It will be interesting to see if that correlation holds up in June's numbers."
As of the end of May, DebtX had priced $880 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe was 99.3% at the end of May, reflecting no change from 99.3% at the end of April. Prices were 95.6% in May 2014.
Median adjusted loan-to-value increased to 58% in April and median debt service coverage ratio remained at 1.44. Median estimated loan yield remained at 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.
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 www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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