According to DebtX, prices for commercial real estate mortgages held steady in November. However, the price of non-performing CRE loans fell slightly during this period.
Prices for commercial mortgages traded in the secondary market held steady in November, according to DebtX, a third-party provider of loan valuation services.
The estimated price of whole loans backing commercial mortgage-backed securities increased to 92.7 percent as of Nov. 30, from 89.4 percent for November 2012.
Among impaired performing loan prices, the weighted average monthly price was 78.9 percent as of Nov. 30, down from 80.5 percent for November 2012.
The weighted average monthly price of non-performing CRE loans traded through DebtX’s was 48.8 percent as of Nov. 30, down from 52.4 percent in November 2012.
Meanwhile, the Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 107.5, down from 108.8 in November 2012.
“Loans prices in the CMBS universe and impaired performing category were basically unchanged in November, and non-performing loan prices dipped slightly during the month,” said DebtX Managing Director Will Mercer in a statement.
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