CMBS loan values rise slightly, again

The loans used to back commercial mortgage-backed securities increased in value slightly in October, according to DebtX.

Commercial real estate loan values rose to 85.3%, up from an even 85% in September. That is still up 5% when compared to loan values at this time last year. However, it is down from 85.9% of the CRE loan value in August.

DebtX finds the slight movement a positive for the market.

"With little movement in interest rates, improving fundamentals in the CRE market had a noticeably positive impact on loan prices," said DebtX CEO Kingsley Greenland.

Debt Exchange Inc. is a Boston-based company that provides loan analysis, advisory and exchange services. The firm priced 52,806 commercial real estate loans with an aggregate principal balance of $637.4 billion in August. The loans provide collateral for 646 CMBS trusts in the United States.

Write to Jacob Gaffney.

Follow him on Twitter @jacobgaffney.