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CMBS Loan Prices Edge Down in July: DebtX

AUG 29, 2014 12:36pm ET
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Prices of securitized commercial mortgage loans shrank slightly in July, according to DebtX.

The Boston-based loan marketplace firm said in a press release Thursday that the estimated price of whole commercial real estate loans securing $864 billion in US CMBS trusts was 95.6% at the end of July, down from 95.9% at the end of June.

While prices gave up their modest gains from the prior month, they are "basically flat for the summer thus far," said Will Mercer, DebtX managing director.

Year-over-year however, CRE loan prices increased from 90.7% in July 2013.

The company, which specializes in third-party loan valuation services and data analytics based on over a decade of secondary market loan sales at DebtX, reported similar CMBS loan price setbacks for yearend 2013.

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