BOSTON, Feb. 5, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that the price of loans underlying the CMBS universe decreased slightly in December, but rose 7% for all of 2014.
"CMBS loan prices posted a modest decrease in December, but the median adjusted loan-to-value held firm for the second consecutive month," said DebtX Managing Director Will Mercer. "For all of 2014, prices posted a healthy 7% increase year over year."
As of the end of December, DebtX had priced $851 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe decreased to 98.9% at the end of December, from 99.1% at the end of November. Prices were 92.6% in December 2013.
Median adjusted loan-to-value in December held again at 59%, reflecting no change from November, while median debt service coverage ratio increased to 1.43. Median estimated loan yield increased 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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