The estimated price of whole loans securing commercial mortgage-backed securities fell during June to 90.8% from 91.4%
DebtX managing director Will Mercer said, “CMBS loans ticked down slightly in response to rising Treasury yields, but secondary market loan trades were mixed depending on performance level. Overall, prices are flattening out and remain range bound.”
The Loan Liquidity Index which measures participation of capital in pools sold on DebtX, was 96.6, up from May’s 95.8 but down from 112.3 for June one year ago.
The weighted average price of impaired performing loans traded on DebtX in June was 77.4%, up from 76.9% in May, while the weighted average price of nonperforming loans was 51.2%, compared with 52.5% in March and 48.6% in June 2012.
