BOSTON, March 31, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that the price of commercial real estate loans underlying the CMBS universe decreased slightly in February.
"CMBS loan prices posted a modest decline in February, but the median adjusted loan-to-value held firm for the second consecutive month," said DebtX Managing Director Will Mercer.
As of the end of February, DebtX had priced $859 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe decreased to 99% at the end of February, from 99.7% at the end of January. Prices were 94.7% in February 2014.
Both the median adjusted loan-to-value and median debt service coverage ratio were unchanged from January. Median adjusted loan-to-value in February was 59% and median debt service coverage ratio remained at 1.42. 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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SOURCE DebtX
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