CMBS Loan Prices Show Miniscule Month-Over-Month Change

Posted by Patrick Barnard on May 05, 2014 No Comments
Categories : Commercial Mortgage

For the month of March, commercial mortgage-backed securities (CMBS) loan prices remained flat from February but showed a solid year-over-year increase, according to DebtX.

The estimated price of whole loans securing the U.S. CMBS universe remained steady at 94.7% as of March 31, with no change from Feb. 28. Loan values were 91.4% on March 31, 2013.

The weighted average monthly price of impaired performing loans traded at DebtX's marketplace was 78.8% in March, compared to 78.9% in February. Prices were 73.5% in March 2013.

The weighted average monthly price of non-performing commercial real estate loans traded at DebtX's marketplace was 46.5% in March, compared to 46.2% in February. Comparatively, prices were 55.3% in March 2013.

"Prices were flat given the yield curve and consistent fundamentals, although we did see a nice year-over-year increase," says Will Mercer, DebtX's managing director. "In the secondary markets, we saw essentially the same pattern. There was no material movement in prices during the month."

Register here to receive our Latest Headlines email newsletter

Leave a Comment