The aggregate value of CRE loans priced by DebtX that back CMBS rose to 76.7% as of Jan. 29, up from 75.9% as of Dec. 31.  Loan values dipped from 81.3% compared with January 2009.

“Loan prices rose in January due primarily to the downward shift of the treasury yield curve and
a modest tightening of whole loan spreads,” DebtX CEO Kingsley Greenland said. “These
improvements in the capital markets were partially offset by weak commercial real estate
fundamentals.”

The firm priced 59,759 commercial real estate loans with an aggregate principal balance of $700.2 billion as of Jan. 29. Each of these loansback 627 US CMBS trusts. DebtX’s valuations are based on actual secondary market sales of CRE loans that take place at DebtX.

 

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