BOSTON, Dec. 4, 2013 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that Commercial Real Estate (CRE) loan prices in the secondary market remained stable in October and that investor demand continues to outstrip supply.
"CRE loans continue to trade in the same relatively tight range that we have seen for over a year," said DebtX Managing Director Will Mercer. "Participation in loan auctions has been elevated thus far in the fourth quarter, and we have seen the traditional rise in year-end sales. However, supply still hasn't matched investor demand."
DebtX reported the following for October 2013:
- CMBS Loan Pricing. The estimated price of whole loans securing the US CMBS universe increased to 92.3% as of October 31, 2013 from 91.5% as of September 30, 2013. Loan values were 88.9% on October 31, 2012.
- Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 79.3% in October 2013, up from 79.2% in September 2013. Prices were 79.4% in October 2012.
- Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 50.2% in October 2013, down from 51.6% in September 2013. Prices were 52.0% in October 2012.
- Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 105.5, up from 102.9 in September 2013. The Index was 108.5 in October 2012.
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 and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. 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 +1.617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.