DebtX: CMBS Loan Prices Edge Down In July

PR Newswire

BOSTON, Aug. 28, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of loans underlying the CMBS universe retreated slightly in July.

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"CMBS prices in July gave up their modest gains from the prior month," said DebtX Managing Director Will Mercer. "Prices are basically flat for the summer thus far, but still up year-over-year."

As of the end of July, DebtX has priced $864 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe decreased to 95.6% at the end of July from 95.9% at the end of June. Prices were 90.7% in July 2013.

Median adjusted loan-to-values in July decreased to 59%, while median debt service coverage ratios have remained at 1.41. Median estimated loan yields have increased to 4.5%.

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 Follow DebtX on Facebook, Twitter and LinkedIn.

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