BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS increased to 77.4% as of June 30, 2010 from 76.6% as of May 28, 2010. Loan values were 76.0% as of June 30, 2009. "Commercial real estate fundamentals continue to deteriorate and are constraining CMBS loan price increases gained through lower treasury rates," said DebtX CEO Kingsley Greenland. "Several key performance metrics continue to weigh on the CMBS market, including record high delinquency rates, the increased volume of loans being transferred to special servicers and the low rate of balloon repayments at maturity."
In June, DebtX priced 58,232 CRE loans with a $683.9 billion aggregate principal balance. These loans, which collateralize 628 US CMBS trusts, each received a DXMark®, a price based on loan sales executed at DebtX, the largest marketplace for loans. Access to individual DXMark prices is available through the BLOOMBERG PROFESSIONAL Service. Type DXMK for more information.
DebtX's CMBS loan pricing analysis is part of DXMarket Data, a subscription service that provides loan buyers insight about transactions executed at www.debtx.com. DXMarket Data is available to registered DebtX buyers and includes seven components: Non-Performing Loan Sale Prices, Bank Watch, Secondary Loan Market Commentary, CMBS Loan Collateral Prices, Asset Valuation Spotlight, Secondary Loan Market Liquidity and CRE Capital Markets Observations.
DebtX is one of the world's leading full-service loan sale advisors for commercial, consumer and specialty finance debt. DebtX operates the world's largest and most liquid online marketplace for loans, with more than 300 selling institutions, including commercial banks, insurance companies, investment banks and government-sponsored enterprises. DebtX also offers DXMark®, the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales. DXOpen® is a family of deal management products used by syndication and agency services professionals. DebtX is based in Boston, with U.S. offices in Atlanta, New York, and San Francisco, and European offices in London, Madrid and Frankfurt.