Loan prices in the commercial mortgage-backed securities sector continue an upward trajectory in April, according to DebtX.
The estimated price of whole loans securing the CMBS sector increased to 92% in April from 91.4% in March. Additionally, loan values were roughly 88% last month, DebtX noted in its latest report.
"Prices for CMBS loans and secondary market transactions remain at or above their historical highs," explained Will Mercer, managing director of DebtX.
He added, "The market continues to demonstrate strong technical foundations across all segments of commercial real estate finance."
The weighted average monthly price of impaired performing loans was 80.3% in April, up from 80.2% in March.
The weighted average monthly price of nonperforming Commercial Real Estate loans rose to 53.4% last month, up from 52.9% in March.
Meanwhile, the loan Liquidity Index — a monthly barometer of liquidity for pools of loans sold at DebtX that ranges on a scale of 100 — decreased to an index score of 95.5, down from 96 in March.