The value of commercial real estate (CRE) loans that collateralize commercial mortgage-backed securities (CMBS) priced by DebtX rose to 77.4% at the end of June from 76.6% in May, the loan-sale adviser said in a press release Tuesday. DebtX said monthly values continue to increase and are up from 76.4% for April and 75.9% in March. The Boston-based company priced 58,232 CRE loans with an aggregate principal balance $683.9bn in June. The loans collateralize 628 domestic CMBS trusts. “Commercial real estate fundamentals continue to deteriorate and are constraining CMBS loan price increases gained through lower treasury rates,” said DebtX CEO Kingsley Greenland. “Several key performance metrics continue to weigh on the CMBS market, including record high delinquency rates, the increased volume of loans being transferred to special servicers and the low rate of balloon repayments at maturity.” Write to Jason Philyaw.
DebtX June CRE Loan Value Up to 77.4%
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products