BOSTON, June 1, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe declined modestly in April.
"CMBS loan prices were down a few ticks in April, but the market fundamentals are still in place," said DebtX Managing Director Will Mercer. "Loan-to-value and debt service coverage metrics both continued to improve, despite a very competitive lending market."
As of the end of April, DebtX had priced $876 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe decreased to 99.3% at the end of April, from 99.6% at the end of March. Prices were 95.2% in March 2014.
Median adjusted loan-to-value decreased to 57% in April and median debt service coverage ratio increased to 1.44. Median estimated loan yield remained at 4.1%.
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. and Europe. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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