DebtX: CRE Loan Prices Were Mixed In June

Jul 25, 2013, 09:00 ET from DebtX

BOSTON, July 25, 2013 /PRNewswire/ -- Loan prices in the CMBS universe fell slightly in June, according to DebtX, the largest marketplace for loans.


"CMBS loans ticked down slightly in response to rising Treasury yields, but secondary market loan trades were mixed depending on performance level," said DebtX Managing Director Will Mercer. "Impaired performing CRE loans priced a bit higher and non-performing loans priced a bit lower. Overall, prices are generally flattening out and remain range bound."

DebtX reported the following for June 2013:

  • CMBS Loan Pricing. The estimated price of whole loans securing this US CMBS universe decreased to 90.8% as of June 30, 2013 from 91.4% as of May 31, 2013. Loan values were 88.2% on June 29, 2012.
  • Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 77.4% in June 2013, up from 76.9% in May 2013. Prices were 76.2% in June 2012.
  • Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 51.2% in June 2013, down from 52.2% in May 2013. Prices were 48.6% in June 2012.
  • Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 96.6, up from 95.8 in May 2013. The Index was 112.3 in June 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.

About DebtX
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 Follow DebtX on Facebook, Twitter and LinkedIn.