The aggregate value of commercial real estate (CRE) loans priced by Boston-based DebtX that collateralize commercial mortgage-backed securities (CMBS) was 88.3% as of July 31, down slightly from 88.4% as of June 30. Loan values were 85.3% as of July 30.
In July, DebtX priced 55,032 CRE loans with a $769.2 billion aggregate principal balance. These loans collateralize 753 U.S. CMBS trusts.
‘CRE loan prices fell slightly in July after rising for seven straight months,’ says DebtX Managing Director Will Mercer. ‘The price decline was primarily due to an increase in the Treasury yield curve and a slight increase in credit spreads.’