CRE Loan Prices Climbed Strongly
BOSTON--(BUSINESS WIRE)-- Prices for non-performing and impaired performing loans increased in August, 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 rose strongly in August,” said DebtX Managing Director Will Mercer. “The August price increase reflects the continuing recovery in the CRE capital markets and accelerating 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 August:
- CMBS loan pricing. The estimated price of whole loans securing the U.S. CMBS universe improved to 88.7% in August 2012 from 88.1% in July 2012. Loan values were 85.9% in August 2011.
- Impaired performing loan prices. The weighted average monthly price of impaired performing loans traded at DebtX’s marketplace was 77.7% in August 2012, up from 77.6% in July 2012. Prices were 70.5% in August 2011.
- Nonperforming loan prices. The weighted average monthly price of nonperforming CRE loans traded at DebtX’s marketplace was 50.4% in August 2012, up from 49.8% in July 2012. Prices were 41.4% in August 2011.
- Marketplace liquidity. The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 110.4, down slightly from 111.7 in July 2012. The Index was 94.8 in August 2011.
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