The aggregate value of commercial real estate (CRE) loans priced by DebtX that collateralize commercial mortgage-backed securities (CMBS) increased to 85.9% as of Aug. 31, up slightly from 85.3% as of July 30. Loan values were 81% as of Aug. 31, 2010.
In August, DebtX priced 53,614 CRE loans with a $637.4 billion aggregate principal balance. These loans collateralized 646 U.S. CMBS trusts.
‘Commercial real estate loan prices rose in August mostly due to a decline in Treasury yields,’ says DebtX CEO Kingsley Greenland. ‘CRE loan prices are also continuing to recover due to improving conditions in the marketplace.’