The aggregate value of commercial real estate (CRE) loans priced by DebtX that back CMBS rose to 79.9% as of Feb. 28 from 79.8% as of Jan. 31.
Loan values were 76.5% as of February 26, 2010. The modest rise is the second consecutive month loan prices have gone up.
In February, DebtX priced 55,094 CRE loans with a $657.1 billion aggregate principal balance last month.
These loans, which back 621 U.S. CMBS trusts, each received a DXMark®. This is a price based on 10 years of data from billions of dollars in loan sales executed by the firm.
“Since July 2010, prices for commercial real estate loans have remained at approximately the same level due largely to modestly improving fundamentals in the commercial real estate market,” DebtX CEO Kingsley Greenland said.
