The aggregate value of Commercial Real Estate (CRE) loans as priced by ""DebtX"":https://www.debtx.com/Default.asp continued to show a gain value.
DebtX reported the value of CRE loans increased to 88.4 percent as of June 30 from 88.2 percent as of the end of May. A year ago in June, loan values stood higher at 84.9 percent.
""Commercial real estate loan prices rose for a seventh straight month in June and have continued the upward trend of the past 15 months,"" said DebtX CEO Kingsley Greenland. ""Rising prices have prompted a growing number of sellers to take advantage of liquidity in the marketplace. It remains a good time to sell due to strong investor demand.""
DebtX stated it priced 54,946 CRE loans with a $766.1 billion aggregate principal balance for the month of June.
Headquartered in Boston, DebtX is a 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.