DebtX: CMBS Loan Prices Increase Modestly In June

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Aug 06, 2014, 09:00 ET

BOSTON, Aug. 6, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe ticked upward again in June.

"CMBS prices continued their upward climb," said DebtX Managing Director Will Mercer. "Competition for product is being reflected in tightened spreads, which drove loan values slightly higher."

The estimated price of whole loans securing the US CMBS universe increased to 95.9% at the end of June from 95.6% at the end of May. Prices were 90.8% in June 2013. In June, DebtX priced $843 billion in commercial real estate loans that collateralize US CMBS trusts.

Median adjusted loan-to-values in June remained at 60%. Median debt service coverage ratios stayed at 1.41. Median estimated loan yields were unchanged 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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