DebtX: CMBS Loan Prices Rise Again In March

BOSTON, May 11, 2015 /PRNewswire/ -- DebtX, the largest marketplace for loans, said today that prices of commercial real estate loans underlying the CMBS universe continued to strengthen in March.

"CMBS loan prices reflect a fully recovered market," said DebtX Managing Director Will Mercer. "Market fundamentals have contributed to price increases over time, but underwriting standards are being adhered to and the backlog of problem loans has effectively been addressed."

As of the end of March, DebtX had priced $870 billion in commercial real estate loans that collateralize US CMBS trusts. The estimated price of whole loans securing this universe increased to 99.6% at the end of March, from 99% at the end of February. Prices were 94.7% in March 2014.  

Median adjusted loan-to-value remained at 59% in March and median debt service coverage ratio increased to 1.43. Median estimated loan yield remained at 4.1%.

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 www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.

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SOURCE DebtX