The commercial real estate loans that underlie commercial mortgage-backed securities posted a modest increase in price from August to September, according to DebtX.
DebtX priced $879 billion in CRE loans that collateralize U.S. CMBS trusts, through the end of September, according to a
"The downward shift in the Treasury yield curve was basically offset by widening credit spreads," Will Mercer, managing director of Debt X, said in the release.
The median adjusted loan-to-value ratio rose to 58% from 57%. The median debt service coverage ratio rose to 1.46 from 1.45. The median estimated loan yield remained at 4.3%.
