BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS decreased to 79.8% as of March 31, 2011 from 79.9% as of February 28, 2011. Loan values were 75.9% as of March 31, 2010.
"Commercial real estate loan prices in March were largely unchanged from February and remained at approximately the same level throughout the first quarter of 2011," said DebtX CEO Kingsley Greenland. "The stabilizing prices suggest continuing modest improvement in the underlying fundamentals of the commercial real estate market."
In March, DebtX priced 54,765 CRE loans with a $653.7 billion aggregate principal balance. These loans, which collateralize 623 US CMBS trusts, each received a DXMark®, a price based on 10 years of data from billions of dollars in loan sales executed by DebtX, the largest marketplace for loan sales. Access to individual DXMark prices is available through the BLOOMBERG PROFESSIONAL® Service.
DebtX's CMBS loan pricing analysis is part of DXMarket Datasm, a subscription service that provides loan buyers with insight about transactions executed at www.debtx.com. DXMarket Datasm 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 the world's premier, full-service loan sale advisor for commercial, consumer and specialty finance debt. DebtX operates the largest online marketplace for loan sales, serving commercial banks, investment banks, insurance companies, and government-sponsored enterprises. DebtX's innovative deal management platform and loan sale process maximize proceeds and have been assessed and approved by many of the world's most sophisticated financial institutions for functionality, security and privacy. DebtX provides valuation and analytics services, including objective mark-to-market loan valuations using unique pricing models that incorporate data from hundreds of thousands of loans. DebtX provides web-based deal management platforms for syndication, agency, and loan sale professionals. DebtX is based in Boston, with U.S. offices in San Francisco, Atlanta, McLean (VA), and New York and European offices in the United Kingdom, Spain and Germany.