DebtX: Commercial Real Estate Loan Prices Continued to Rise in September
Prices for non-performing and impaired performing loans increased in September, according to DebtXDataSM, the proprietary analytics platform from DebtX, the largest marketplace for loans.
“Prices for performing and non-performing loans traded at DebtX's marketplace trended incrementally higher again in September,” said DebtX Managing Director Will Mercer. “The September price increases were more modest than in August, but they point to a continuing recovery in the CRE capital markets and growing demand for loans.”
DebtXData℠ offers historical and current CRE loan prices, a quantitative measure of secondary market liquidity, new origination spreads, market commentary and analysis of selected trades transacted at www.debtx.com, the most liquid exchange for whole loans.
DebtXData reported the following for September:
- CMBS loan pricing. The estimated price of whole loans securing the U.S. CMBS universe remained at 88.7% in September 2012, the same as August 2012. Loan values were 85% in September 2011.
- Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 77.9% in September 2012, up from 77.6% in August 2012. Prices were 71.3% in September 2011.
- Nonperforming loan prices. The weighted average monthly price of non-performing CRE loans traded at DebtX's marketplace was 50.9% in September 2012, up from 50.5% in August 2012. Prices were 40.3% in September 2011.
- Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 109.3, down from 110.1 in August 2012. The Index was 93.8 in September 2011.
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DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory, valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call +1.617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn.