DebtX: CMBS Loan Prices Hold Steady In October

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Dec 15, 2014, 09:00 ET

BOSTON, Dec. 15, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe held firm in October.

"CMBS prices remained flat month over month in October," said DebtX Managing Director Will Mercer. "Prices are up a few points from the same time last year, reflecting consistent improvement in the health of CMBS loans in general."

As of the end of October, DebtX had priced $859 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe remained at 95.8% at the end of October, the same as the end of September. Prices were 92.3% in October 2013.

Median adjusted loan-to-values in October decreased slightly to 59% from 60% in September, with median debt service coverage ratios holding at 1.42. Median estimated loan yields decreased to 4.2%.

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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SOURCE DebtX