BOSTON, MA - The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS rose to 87.3% as of March 31, 2012 from 86.9% as of February 29, 2012. Loan values were 79.8% as of March 31, 2011.
“CRE loan prices increased again in March and are continuing the upward trend of the past year,” said DebtX CEO Kingsley Greenland. “CRE loan prices are strengthening due to improving commercial real estate fundamentals.”
In March, DebtX priced 50,549 CRE loans with a $608.5 billion aggregate principal balance. These loans, which collateralize 652 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. Type DXMK <go> for more information.
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. 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.