BOSTON, Jan. 29, 2019
DebtX, the largest marketplace for loans, said today that prices of commercial real estate (CRE) loans underlying CMBS increased in December, but were unchanged for all of 2018.
The estimated price of whole loans securing the CMBS universe increased to 97.6% at the end of December, from 95.9% at the end of November. Prices were 97.6% in December 2017.
“The story of CMBS prices in 2018 is that they ended exactly where they started,” said DebtX Managing Director Will Mercer. “It was a remarkably flat year for CMBS prices overall.”
As of the end of December, DebtX priced $1.3 trillion in commercial real estate loans that collateralize U.S. CMBS trusts. From last month, the median adjusted loan-to-value decreased to 57%, and the median debt service coverage ratio remained at 1.51. The median estimated loan yields decreased to 4.5%.
DebtX provides third-party loan valuation services for both public and private clients, as well as analytics and data based on nearly two decades of secondary market loan sales at DebtX. To learn more, call 617.531.3429 or for information about loan sale advisory services, call 617.531.3400.
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 banks preparing for CECL, DXCDA is a fully outsourced, independent service that saves time and money. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. For loan originators and risk managers, DXScore® is the firm’s credit rating system for commercial real estate loans. DebtX is based in Boston, with offices across the U.S., South America, Europe and Asia. Call 617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.