BOSTON, Oct. 27, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe increased modestly in September.
"We saw a very minor increase in CMBS loan prices in September," said DebtX Managing Director Will Mercer. "The downward shift in the Treasury yield curve was basically offset by widening credit spreads."
As of the end of September, DebtX had priced $879 billion in commercial real estate loans that collateralize U.S. CMBS trusts. The estimated price of whole loans securing this universe increased to 98.4% at the end of September from 98.2% at the end of August. Prices were 95.8% in September 2014.
Median adjusted loan-to-value increased to 58% in September and the median debt service coverage ratio also increased to 1.46. The median estimated loan yield held at 4.3%.
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.