Commercial real estate loan prices resumed their upward movement of the past few months, rising from 80.5% at the end of September to 80.9% one month later, according to DebtX of Boston.
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In October, the company priced 56,568 loans to be securitized, with an aggregate principal balance of $664 million.
The increase between September and October reversed the one-half of a percentage point dip the previous month.
"Loan prices in October continued the upward trend of the past year and have increased for six of the past seven months," said DebtX CEO Kingsley Greenland. "Despite high delinquency rates across the industry, a widening at the short end of the treasury yield curve resulted in higher prices in October."
