This article is from the Australian Property Journal archive
US commercial real estate loans priced rose from 79.4% to 81% in August, according to DebtX — one of the world’s largest full-service loan sale advisors.
Loan values were 77.0% as of August 31, 2009.
DebtX CEO Kingsley Greenland said a falling yield curve and the strong demand for product contributed to an increase in CRE loan prices in August.
“Both positive price trends more than offset the historically high rates of loan delinquency and default among CRE borrowers,”
In August, DebtX priced 57,586 CRE loans with a $US679.1 billion aggregate principal balance. These loans collateralize 626 US CMBS trusts.
Australian Property Journal
