The aggregate value of commercial real estate (CRE) loans priced by DebtX that back CMBS rose to 80.9% as of Oct. 29 from 80.5% as of Sept. 30. Loan values were 76.9% at October 30, 2009.
In October, DebtX priced 56,568 CRE loans with a $664 billion aggregate principal balance. These loans, which back 616 US CMBS trusts, each received a DXMark. This is a price based on 10 years worth of data from close to half million DebtX-executed loan sales.
“Loan prices in October continued the upward trend of the past year and have increased for six of the past seven months,” said DebtX CEO Kingsley Greenland. “Despite high delinquency rates across the industry, a widening at the short end of the treasury yield curve resulted in higher prices in October.”