BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS climbed to 86.9% as of February 29, 2012 from 86.4% as of January 31, 2012. Loan values were 79.9% as of February 28, 2011.
“CRE loan prices in February continued the upward trend of the past year,” said DebtX CEO Kingsley Greenland. “CRE loan prices rose due to the continued tightening of credit spreads, despite a moderate rise in treasury rates during February.”
In February, DebtX priced 50,880 CRE loans with a $611.7 billion aggregate principal balance. These loans, which collateralize 650 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 at www.debtx.com. DXMarket Datasm is available to registered DebtX buyers and includes five components: Non-Performing Loan Sale Prices, Bank Watch, Secondary Loan Market Commentary, CMBS Loan Collateral Prices, and Secondary Loan Market Liquidity.
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.