The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 79.4% as of December 31, 2010 from 80.3% as of November 30, 2010. Loan values were 75.9% as of December 31, 2009.
“The decline in the value of commercial real estate loans in December was due primarily to a sharp increase in interest rates during the month,” said DebtX CEO Kingsley Greenland. “Despite the decrease in December, loan values are at approximately the same level as they were a year ago."
