CMBS Loan Prices Fell in June: DebtX

The price of loans that underlie commercial mortgage-backed securities fell from May to June, according to DebtX.

As of the end of June, DebtX priced $872 billion of commercial real estate loans that are used as collateral for commercial mortgage-backed securities trusts. The estimated price of whole loans securing that universe of loans fell to 98.6% at the end of June, compared to 99.3% at the end of May.

"CMBS loan prices saw a modest dip in June, but are still up from the same time last year," Will Mercer, DebtX's managing director, said in a news release.

The median adjusted loan-to-value ratio remained 58% in June, and the median debt service coverage ratio remained 1.44.