BOSTON--(BUSINESS WIRE)-- The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 85.2% as of November 30, 2011 from 85.3% as of October 31, 2011. Loan values were 80.3% as of November 30, 2010.
“CRE loan prices in November were largely unchanged,” said DebtX CEO Kingsley Greenland. “Compared to a year ago, however, prices are up strongly, and the trend throughout 2011 has been steadily rising CRE loan prices.”
In November, DebtX priced 52,354 CRE loans with a $626.5 billion aggregate principal balance. These loans, which collateralize 648 US CMBS trusts, each received a DXMark®, a price based on 10 years of data from billions of dollars in loan sales executed by DebtX, the largest marketplace for loan sales. Access to individual DXMark prices is available through the BLOOMBERG PROFESSIONAL® Service. Type DXMK for more information.
DebtX’s CMBS loan pricing analysis is part of DXMarket Datasm, a subscription service that provides loan buyers with insight about transactions at www.debtx.com. DXMarket Datasm is available to registered DebtX buyers and includes six components: Non-Performing Loan Sale Prices, Bank Watch, Secondary Loan Market Commentary, CMBS Loan Collateral Prices, Secondary Loan Market Liquidity and CRE Capital Markets Observations.
For more information about DXMark® or DXMarket Datasm, contact David Roover, 617.531.3446 or droover@debtx.com. For more information about loan sale advisory services, call 617.531.3400.
About DebtX
DebtX is the world's premier, full-service loan sale advisor for commercial, consumer and specialty finance debt. DebtX operates the largest online marketplace for loan sales, serving commercial banks, investment banks, insurance companies, and government-sponsored enterprises. DebtX’s innovative deal management platform and loan sale process maximize proceeds and have been assessed and approved by many of the world’s most sophisticated financial institutions for functionality, security and privacy. DebtX provides valuation and analytics services, including objective mark-to-market loan valuations using unique pricing models that incorporate data from hundreds of thousands of loans. DebtX provides web-based deal management platforms for syndication, agency, and loan sale professionals. DebtX is based in Boston, with U.S. offices in San Francisco, Atlanta, McLean (VA), and New York and European offices in the United Kingdom, Spain and Germany. For information, call 617.531.3400 or visit www.debtx.com.
There are no comments yet