The combined value of loans in CMBS pools hardly budged from October to November, according to data released last week from DebtX. Based on loans that the advisory firm prices, the figure at the end of November was 85.2%, from 85.3% on Oct. 31.
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However, prices have crept higher since last year, as loan values were 80.3% at Nov. 30 2010. "The trend throughout 2011 has been steadily rising CRE loan prices," said DebtX CEO Kingsley Greenland.
In November, DebtX priced more than 52,000 commercial real estate loans with a $626.5 billion aggregate principal balance. These loans, which collateralize 648 U.S. CMBS trusts, are priced based on DebtX's database of loan sales, which includes historical information from up to 10 years ago.
