Tuesday, May 11, 2010

CRE Loan Prices Decline in March

Aggregate value of commercial real estate loans priced by DebtX that collateralize CMBS declined to 75.9% as of March 31, 2010 from 76.5% as of February 26, 2010. Loan values are down from 81.2% as of March 31, 2009.
“Loan prices were negatively impacted by the upward shift in the Treasury yield curve and the continued deterioration of CRE fundamentals, despite improvements in the CRE capital markets,” said DebtX CEO Kingsley Greenland.
In March, DebtX priced 59,401 CRE loans which collateralize 623 US CMBS trusts with an aggregate principal balance of $697 billion.