The aggregate value of loans collateralized by commercial MBS increased 50 basis points in February from the month prior, continuing an upward trend, said DebtX, a Boston-based loan sales advisor.
During February DebtX priced 50,587 commercial real estate loans with a $612 billion aggregate principal balance for 650 CMBS trusts. In January, it priced 51,399 loans with a $616 billion aggregate principal balance. (In February 2011, it priced 55,094 units worth $657 billion.)
As of Feb. 29, the aggregate value of loans priced by DebtX came in at 86.9%, up from 86.4% at the end of January.
Kingsley Greenland, DebtX CEO said "CRE loan prices rose due to the continued tightening of credit spreads, and despite a moderate rise in Treasury rates during February."
