The aggregate value of commercial real estate (CRE) loans priced by Boston-based DebtX that collateralize commercial mortgage-backed securities (CMBS) rose to 87.3% as of March 31, up from 86.9% as of Feb. 29. Loan values were 79.8% as of March 31.Â
In March, DebtX priced 50,549 CRE loans with a $608.5 billion aggregate principal balance. These loans collateralize 652 U.S. CMBS trusts.
‘CRE loan prices increased again in March and are continuing the upward trend of the past year,’ says DebtX CEO Kingsley Greenland. ‘CRE loan prices are strengthening due to improving commercial real estate fundamentals.’