BOSTON, Sept. 1, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe posted a modest increase in July.
"CMBS loan prices saw a slight increase in July and continued to post gains year-over-year," said DebtX Managing Director Will Mercer. "The uptick in price was due to a small improvement in loan-to-value and slightly lower interest rates."
As of the end of July, DebtX had priced $877 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe increased to 99.1% at the end of July compared to 98.6% at the end of June. Prices were 95.6% in July 2014.
Median adjusted loan-to-value decreased to 57% in July, while the median debt service coverage ratio increased to 1.45. The median estimated loan yield remained at 4.3%.
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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