DebtX: CMBS Loan Prices Decrease Slightly In September
BOSTON, Nov. 5, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe fell slightly in September.
"CMBS prices showed a modest decrease in September, which we attribute primarily to an upward shift in the Treasury yield curve," said DebtX Managing Director Will Mercer.
As of the end of September, DebtX had priced $858.7 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe decreased slightly to 95.8% at the end of September from 96% at the end of August. Prices were 91.5% in September 2013.
Median adjusted loan-to-values in September have remained at approximately 60%, while median debt service coverage ratios have increased to 1.42. Median estimated loan yields have remained at 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. and Europe. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.
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