The aggregate value of commercial real estate (CRE) loans priced by DebtX backing CMBS rose to 80.9% as of April 29 from 79.8% as of March 31. Loan values were 76.4% as of April 30, 2010, according to a release from the company.
The release added that in April, DebtX priced 53,271 CRE loans with a $653.2 billion aggregate principal balance.
These loans, which are backing 627 US CMBS trusts, each received a DXMark®, which is a price based on 10 years worth of data from billions of dollars in loan sales that were executed by DebtX, a large marketplace for loan sales.
“Commercial real estate loan prices climbed in April after pausing in the first quarter of 2011,”
DebtX CEO Kingsley Greenland said. “Declining Treasury yields coupled with strong demand
for performing loans on the secondary market had a positive impact on CRE loan prices.”