DebtX: CMBS Loan Prices Trending Up In 2014

PR Newswire

BOSTON, March 31, 2014 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that CMBS whole loan prices were up nearly 5% versus the prior year.

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"CMBS loan prices rose slightly in February and demonstrated solid improvement year-over-year," said DebtX Managing Director Will Mercer. "The February increase was the result of improving loan-to-value ratios and debt service coverage, as well as fairly stable interest rates."

DebtX reported the following for February 2014:

  • CMBS loan prices. The estimated price of whole loans securing the U.S. CMBS universe increased to 94.7% as of February 28, 2014 from 94.1% as of January 31, 2014. Loan values were 89.8% on February 28, 2013. 
  • Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 81.4% in February 2014, up from 79.8% in January 2014. Prices were 78.9% in February 2013.
  • Non-performing loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 49.6% in February 2014, down from 50.5% in January 2014. Prices were 52.9% in February 2013.
  • Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 118.2, up from 114.5 in January 2014. The Index was 109.9 in February 2013.

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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