BOSTON, Jan. 4, 2018
DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying CMBS decreased slightly in November.
During the month, the estimated price of whole loans securing the CMBS universe decreased to 96.9% from 97.2% at the end of October 2017. Prices were 97.5% in November 2016.
“The slight dip in loan prices in the CMBS universe is consistent with the trend we’ve seen over the past few months,” said DebtX Managing Director Will Mercer. “The rising price of U.S. Treasuries was the primary contributor to the decline in CRE loan prices.”
As of the end of November, DebtX priced $1.125 trillion in commercial real estate loans that collateralize U.S. CMBS trusts. From last month, the median adjusted loan-to-value remained at 58%, and the median debt service coverage ratio was unchanged at 1.52. 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, 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.