BOSTON—Prices of loans underlying the CMBS universe held steadyin October, DebtX said Monday. The previous month had seen adecline of a few basis points, which managing director Will Mercerattributed to “an upward shift in the Treasury yield curve.”
By contrast, Mercer says, CMBS prices remained flat month overmonth in October. “Prices are up a few points from the same timelast year, reflecting consistent improvement in the health of CMBSloans in general,” he says.
As of the end of October, Boston-based DebtX had priced $859billion in commercial real estate loans that collateralize US CMBStrusts. The estimated price of whole loans securing this universeremained at 95.8% at the end of October, unchanged from the end ofSeptember, when they dipped from 96% the month prior. Prices were92.3% in October 2013.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
