WASHINGTON, DC—The latest monthly figures fromDebtX confirm what Trepp, Fitch Ratings and otherindustry watchers have been reporting: CMBS' fundamentals continuetheir upward climb.
DebX's perspective is a little different--more comprehensive onecould say--than these other players, so its viewpoint isparticularly telling. "We price everything in the market, not justthe performing loans, and you can clearly see from our numbers thatCMBS prices are mimicking the economy in general," DebtX ManagingDirector Will Mercer tells GlobeSt.com. "Also,there is a lot of money chasing deals so we have strong demandforces pushing the market forward as well."
All that said, in terms of the month over month progress themarket did not exhibit that huge of a jump. The estimated price ofwhole loans securing the US CMBS universe increased to 95.2% as ofApril 30, 2014 from 94.7% on March 31, 2014. Loan values were 92%on April 30, 2013.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
