The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize CMBS increased to 76.6% as of May 28 from 76.4% as of April 30. Loan values were 77.6% as of May 29, 2009.
In May, the firm priced 58,901 CRE loans with an aggregate principal balance of $691 billion. The loans collateralized 630 U.S. CMBS trusts.
“US CMBS collateral prices increased again in May,” said DebtX CEO Kingsley Greenland. “A flattening Treasury yield curve due to a flight to U.S. government securities more than offset a deterioration of commercial real estate fundamentals and a widening of credit spreads.”
DebtX is a full-service loan sale advisor for commercial, consumer, and specialty finance debt.