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Press Releases COMMERCIAL REAL ESTATE LOAN PRICES DROP IN DECEMBERValues Fall 5.4% For The Full Year 2009 BOSTON, January 29, 2010 The aggregate value of Commercial Real Estate (CRE) loans priced by DebtX that collateralize CMBS fell to 75.9% as of December 31, 2009, down from 77.7% as of November 30, 2009. For all of 2009, loan prices declined by 5.4 percentage points from 81.3% on January 30, 2009 to 75.9% on December 31, 2009. “Weakening commercial real estate fundamentals were a major theme of 2009,” said William Looney, President of Loan Sales of DebtX. “In December, the trend of declining CRE performance, combined with rising risk-free rates and a steepening yield curve, led to another drop in US CMBS collateral prices.” DebtX priced 60,360 commercial real estate loans with an aggregate principal balance of $706 billion as of Dec. 31, 2009. Each of these loans, which collateralize 628 US CMBS trusts, received a DXMark®. DebtX’s valuations are based on actual secondary market sales of CRE loans that take place at DebtX, the largest marketplace for loans. DebtX provides valuations of individual CRE loans and portfolios. DXMark enables financial institutions to make more informed decisions about their loan portfolios. DXMark helps credit policy executives, risk managers, workout teams, and other senior executives analyze risk, validate origination prices and evaluate M&A opportunities. Commercial banks, insurance companies and government agencies are among the institutions currently using DXMark.
Access to individual DXMark prices is available through the BLOOMBERG PROFESSIONAL® Service. Type About DebtX Media Contact: Greg Berardi, Blue Marlin Partners, 415-239-7826, greg@bluemarlinpartners.com |