BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS increased to 79.4% as of July 30, 2010, up from 77.4% as of June 30, 2010. Loan values were 71.1% as of July 31, 2009.
"Despite weak CRE fundamentals and increasing levels of delinquencies and defaults, 90% of CMBS loans are still performing," said DebtX CEO Kingsley Greenland. "The outlook for CRE loans that collateralize CMBS continues to improve due to increased activity in the CMBS new issue market and strong demand for distressed CRE loans in the secondary market. Investors have become more comfortable that loan valuations have stabilized and are looking to achieve better risk-adjusted yields."
In July, DebtX priced 57,801 CRE loans with a $679.5 billion aggregate principal balance. These loans, which collateralize 623 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.
DebtX's CMBS loan pricing analysis is part of DXMarket Data(sm), a subscription service that provides loan buyers insight about transactions executed at www.debtx.com. DXMarket Data(sm) 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.