Prices for commercial real estate loans (CRE) sold through DebtX rose in 2012, but closed the year flat, according to the Boston-based marketplace for loans.
"In 2012, prices for impaired performing loans rose 9.1 percentage points and prices for non-performing loans rose 11.5 percentage points," said DebtX Managing Director Will Mercer in a statement. "2012 was a very strong year in the CRE secondary loan market."
DebtX said prices for impaired performing loans rose 9.1 percentage points in 2012 and prices for non-performing loans rose 11.5 percentage points, making 2012 a very strong year in the CRE secondary loan market.
DebtXData reported the following for December 2012:
* CMBS loan pricing.The estimated price of whole loans securing the US CMBS universe decreased to 89.0% as of December 31, 2012 from 89.4% in November 30, 2012. Loan values were 86.1% on December 31, 2011.
* Impaired performing loan prices.The weighted average monthly price of impaired performing loans sold through DebtX's marketplace remained unchanged at 80.5% as of December 2012. Prices were 71.3% in December 2011.
* Non-performing loan prices.The weighted average monthly price of non-performing CRE loans sold through DebtX's marketplace was 52.6% in December 2012, up from 52.2% in November 2012. Prices were 41.1% in December 2011.
* Marketplace liquidity.The Loan Liquidity Index, a monthly barometer of liquidity for pools of loans sold at DebtX, was 108.2, down from 108.4 in November 2012. The Index was 94.9 in December 2011.
