DebtX, based in Boston, reported that its weighted average monthly price of nonperforming commercial real estate loans traded at DebtX’s marketplace increased to 50.8% in August. This is up slightly from 50.6% during the prior month.
A year ago, prices for nonperforming loans were 50.5%, DebtX said.
The advisor’s impaired performing loan prices for August traded at 79.1% for the month, which is up from 78.3% from July. Prices were 77.7% in August 2012.
However, the estimated price of whole loans securing the CMBS universe decreased to 90.2% through the end of August from 90.7% the month before. Last August, loan values were 88.7%.
Meanwhile, the Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold by DebtX, rose month-over-month from 97.6 in July to 99.2 in August. But this is still down from a year ago when the index stood at 110.2.
“Prices in August continued to trade in a narrow range, as they have for the past 12 months,” said Will Mercer, managing director at DebtX. “Given the price stability in the marketplace, sellers are more confident they can get the execution they need. Thus far in 2013, DebtX is on track to exceed the high-water mark for unique sellers offering loans at the marketplace.”