DSNews The homepage of the servicing industry
According to a recent report by ""DebtX"":http://www.debtx.com/, a full-service loan sale advisor based in Boston, the aggregate value of DebtX-[IMAGE]
priced commercial real estate (CRE) loans that collateralize commercial mortgage-backed securities (CMBS) jumped to 76.4 percent as of April 30, 2010, up from 75.9 percent the month prior.
""The increase in U.S. CMBS collateral prices was the result of tightening credit spreads and a flattening of the Treasury yield curve,"" said Kingsley Greenland, CEO of
[COLUMN_BREAK]DebtX. ""Those factors more than offset a deterioration in commercial real estate fundamentals.""
Despite the month-to-month increase, loan prices were still down on a year-over-year basis. During the same month last year, the aggregate value of DebtX-priced CRE loans collateralizing CMBS came in at 79.4 percent.
In April, DebtX priced 58,352 CRE loans with an aggregate principal balance of $691 billion. These loans, which collateralize 625 U.S. CMBS trusts, all received a DXMark--the first objective valuation of commercial real estate portfolios based on actual secondary market loan sales executed at DebtX.
The company said its CMBS loan pricing analysis is part of DXMarket Data, a subscription services that provides loan buyers insight about transaction executed through DebtX. This service is available to registered DebtX buyers and has five components, including secondary loan market commentary, CMBS loan collateral prices, asset valuation spotlight, secondary loan market liquidity, and CRE capital markets observations.
