Despite weak CRE fundamentals and increasing levels of delinquencies and defaults, 90% of CMBS loans are still performing, said DebtX CEO Kingsley Greenland. The aggregate value of commercial real estate loans priced by the Boston-based company that collateralize CMBS increased to 79.4% as of July 30 up from 77.4% at June 30 and 71.1% a year ago.
"Investors have become more comfortable that loan valuations have stabilized and are looking to achieve better risk-adjusted yields," Greenland said.
In July, DebtX priced 57,801 CRE loans with a $679.5 billion aggregate principal balance. These loans, which collateralize 623 US CMBS trusts, each received a DXMark, a price based on loan sales executed at the firm.
