The aggregate value of Commercial Real Estate (CRE) loans backing CMBS that are priced by DebtX dipped to 75.9% as of March 31 from 76.5% as of Feb. 26. Loan values are down from 81.2% as of March 31, 2009.
“Loan prices were negatively impacted by the upward shift in the Treasury yield curve and the
continued deterioration of CRE fundamentals, despite improvements in the CRE capital
markets,” said DebtX CEO Kingsley Greenland.
In March, DebtX priced 59,401 CRE loans with an aggregate principal balance worth $697 billion.
These loans, which collateralize 623 US CMBS trusts, received a DXMark®, which is based on
loan sales executed at DebtX.
Access to individual DXMark prices is available via the BLOOMBERG PROFESSIONAL® Service.
DebtX’s loan pricing analysis is part of DXMarket Datasm, a subscription service offering
loan buyers insight regarding deals executed at www.debtx.com.
DXMarketDatasm is available to registered DebtX buyers and includes six information components: Secondary Loan Market Commentary, CMBS Loan Collateral Prices, Asset Valuation Spotlight, Secondary Loan Market Liquidity, CRE Capital Markets Observations and CRE Loan Origination Spreads.