DebtX: CMBS Loan Prices Rise 4% In 2013

PR Newswire

BOSTON, Jan. 30, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that Commercial Real Estate (CRE) loan prices in the secondary market held steady in December but increased modestly for 2013 overall.


"Prices for loans underlying the CMBS universe were up 4% year-over-year, with much of the gains coming in the first half of the year," said DebtX Managing Director Will Mercer.  "At DebtX's loan sale marketplace, impaired performing loans were flat for the year, while non-performing loans declined 4.4%."

DebtX reported the following for December 2013:

  • CMBS loan prices. The estimated price of whole loans securing the US CMBS universe decreased to 92.6% as of December 31, 2013 from 92.7% as of November 30, 2013.  Loan values were 89.0% on December 31, 2012. 
  • Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 79.7% in December 2013, up from 79.0% in November 2013. Prices were 80.5% in December 2012.
  • Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 48.4% in December 2013, down from 49.0% in November 2013. Prices were 52.8% in December 2012.
  • Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 110.2, up from 107.6 in November 2013. The Index was 108.6 in December 2012.

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 and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. 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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