DebtX: CMBS Loan Prices Tick Up In August

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Oct 07, 2014, 09:00 ET

BOSTON, Oct. 7, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe rose in August.

"CMBS prices increased slightly in August, but have remained in a tight range over the summer," said DebtX Managing Director Will Mercer. "Small changes in the yield curve were offset by slight adjustments to spreads. With fundamentals holding steady, there was no volatility in August."

As of the end of August, DebtX had priced $857 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe increased to 96% at the end of August from 95.6% at the end of July. Prices were 90.2% in August 2013.

Median adjusted loan-to-values in August have remained at 59%, while median debt service coverage ratios have remained at 1.41x. Median estimated loan yields have decreased to 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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