Prices for nonperforming and impaired performing loans rose last month based on DebtXDataSM, which is DebtX's proprietary analytics platform from loan marketplace DebtX.
“Prices for performing and nonperforming loans traded at DebtX’s marketplace trended incrementally higher again in September,” said Will Mercer, DebtX managing director. “The September price increases were more modest than in August, but they point to a continuing recovery in the CRE capital markets and growing demand for loans.”
DebtXDataSM provides historical and current CRE loan prices, a quantitative measure of secondary market liquidity, new origination spreads, market commentary as well as analysis on selected trades transacted via www.debtx.com, an exchange for whole loans.
Other data for September include those on CMBS loan pricing. DebtX reported that the estimated price of whole loans securing the U.S. CMBS universe stayed at 88.7% over the month from August. Loan values were 85% in September 2011.
In terms of impaired performing loan prices, DebtX said that the weighted average monthly price of impaired performing loans traded on the firm's marketplace was 77.9% in September, up versus 77.6% the prior month. Prices were 71.3% in September 2011.
For nonperforming loan prices, the weighted average monthly price of nonperforming CRE loans traded at DebtX’s marketplace was 50.9% in September, increasing from 50.5% in August 2012. Prices were 40.3% in September 2011.
Meanwhile, the firm's loan liquidity index, which is a monthly liquidity barometer for loan pools sold at DebtX, was 109.3, decreasing from 110.1 in August 2012. The Index was 93.8 in September 2011.