DebtX: Aggregate CMBS/CRE Loan Values Rise

Published October 5, 2011 1:59 PM EDT 1 Min Read

The aggregate value of CMBS commercial real estate loan collateral priced by DebtX in August rose to 85.9% from 85.3% the previous month, according to a Wednesday report from the company.

The move reflects mostly a decline in Treasury yields, but also marginally improving conditions in the quality of collateral due to loan resolutions, explained DebtX CEO Kingsley Greenland.

A year ago in August, DebtX-priced CMBS CRE loan values were 81%.

The Boston-based loan sale advisor said this August it priced 53,614 CRE loans with a $637.4 billion aggregate principal balance.

For reprint and licensing requests for this article, click here.

Uncategorized

More From Asset Securitization Report

CMBS

Natixis taps CMBS market for $252M large-loan pool

Natixis will be marketing bonds as well loan-specific certificates tied to a $160 million first-mortgage taken secured by an Amazon headquarters building in Seattle, and a $92.5 million loan backed by a newly built addition to NYC's sprawling Memorial Sloan-Kettering Cancer Center campus.

By Glen Fest

January 23

CMBS

Bridge Management readies its 1st CRE CLO with a prefunding period

The sponsor appears to be paying for the privilege; the deal is structured with a super senior tranche of notes that benefits from considerably more subordination than the senior tranche of its prior deal.

By Allison Bisbey

Editor-in-Chief

Asset Securitization Report

December 4

CRE

LoanCore preps $1.1B CRE CLO, the largest post-financial crisis

The commercial real estate lender, which is controlled by Canadian and Singapore sovereign wealth funds, included some unusual features in the deal, such as a two-year revolving period.

By Glen Fest

May 17

CMBS

Refinancing Risks Rising for Maturing CMBS Loans

A wave of maturing commercial mortgages is set to crest next year, and. Kroll Bond Rating Agency reckons that roughly a quarter of these 1,803 loans may have difficulty refinancing, resulting in what is known as a maturity default.

September 2

CMBS Loan Values Hold Steady in March

Prices for loans underlying commercial mortgage-backed securities held steady over the past month, according to DebtX, which operates an online marketplace for loan sales.

May 6