DebtX priced 55,510 commercial real estate loans with an aggregate principal balance of nearly $766 billion that were collateral for securitizations in May. The loans were for 732 commercial mortgage-backed securities trusts.
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The aggregate value of these loans was 88.2% as of May 31, up from 88.1% one month prior and 81.6% on the same day in 2011.
“Commercial real estate loan prices climbed for a fifth straight month in May as underlying market conditions continued to improve,” said DebtX CEO Kingsley Greenland. “CRE loan prices in May benefited from a decline in Treasury yields.”
In April, DebtX priced 55,803 CRE loans with a $767.6 billion aggregate principal balance and which collateralized 729 CMBS trusts.
