DebtX: CMBS Loan Prices Rise In January

Mar 01, 2016, 09:00 ET from DebtX

BOSTON, March 1, 2016 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS increased in January. 

During the month, the estimated price of whole loans securing the CMBS universe increased to 99.2% from 97.6% in December. Prices were 99.7% in January 2015.

"Widening spreads in January were offset by a downward shift in Treasury yield curve," said DebtX Managing Director Will Mercer. "We also saw an overall improvement status, as fewer loans were classified as 'sub-performing' during the month."

As of the end of January, DebtX had priced $878 billion in commercial real estate loans that collateralize U.S. CMBS trusts. Median adjusted loan-to-value decreased to 57% from 58% in December while the median debt service coverage ratio remained at 1.47. The median estimated loan yield decreased slightly to 4.4%.

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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