After seven straight months of gains, commercial real estate (CRE) loan prices took a slight dip in July, ""DebtX"":https://www.debtx.com/default.asp reported Wednesday.
According to a release from the company, the aggregate value of CRE loans priced by DebtX that collateralize CMBS dropped to 88.3 percent as of July 31, a small drop from 88.4 percent at the end of June. Loan values were 85.3 percent as of July 30.
Will Mercer, managing director at DebtX, said the drop stemmed from an increase in the Treasury yield curve and a slight increase in credit spreads.
In July, the company priced 55,032 CRE loans with a $769.2 billion aggregate principal balance. These loans collateralize 753 U.S. CMBS trusts. Each loan received a DXMark, a price based on 10 years of data from billions of dollars in loan sales executed by DebtX.