DebtX: CMBS Loan Prices Increase In November

Dec 23, 2015, 09:00 ET from DebtX

BOSTON, Dec. 23, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe increased modestly in November.

"CMBS loan prices gained in November, but edged down year-over-year," said DebtX Managing Director Will Mercer. "The monthly increase can be attributed to a rise in the Treasury yield curve and a small increase in credit spreads."

As of the end of November, DebtX had priced $896 billion in commercial real estate loans that collateralize U.S. CMBS trusts, up from $885 billion in October, the second consecutive monthly increase. The estimated price of whole loans securing this universe increased to 97.6% at the end of November from 97.4% at the end of October. Prices were 99.1% in November 2014. 

Median adjusted loan-to-value remained at 57% in November and the median debt service coverage ratio also remained at 1.46. The median estimated loan yield increased slightly to 4.5%.

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.

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