DebtX: Commercial Real Estate Loan Prices Stable
BOSTON--(BUSINESS WIRE)-- Prices for Commercial Real Estate (CRE) whole loans securing the US CMBS universe rose modestly in January, while impaired performing and non-performing loans sold through DebtX declined slightly, according to DebtX, the largest marketplace for loans.
"CRE loan pricing was mostly flat in January," said DebtX Managing Director Will Mercer. "The modest increase in loan prices securing the CMBS universe was primarily due to improving loan-to-value ratios, despite the upward shift in the yield curve."
DebtX's DebtXData℠ offers historical and current CRE loan prices, a quantitative measure of secondary market liquidity, new origination spreads, market commentary and analysis of selected trades transacted at www.debtx.com, the most liquid exchange for whole loans.
DebtXData reported the following for January 2013:
CMBS loan pricing. The estimated price of whole loans securing the US CMBS universe increased to 89.2% as of January 31, 2013 from 89.0% as of December 31, 2012. Loan values were 86.4% on January 31, 2012.
Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 80% in January 2013, down from 80.5% in December 2012. Prices were 71.3% in January 2012.
Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 52.3% in January 2013, down from 52.6% in December 2012. Prices were 42% in January 2012.
Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 105.9, down from 108.2 in December 2012. The Index was 96.2 in January 2012.
To subscribe to or receive a sample of DebtXData, call 617.531.3477 or visit here. 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.
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