Commercial loan prices remain level in January

Commercial loan prices haven't changed much in recent months.

Mortgage loan prices did not significantly change for property management companies in January, as the figures were nearly flat from the previous month.

Non-performing loan prices had an average of 52.3 percent in January in DebtX's DebtXData measurement, which was slightly lower from December's figure of 52.6 percent. These figures were still far higher than January 2012's level of 42 percent.

The estimated average price of commercial mortgage-backed securities inched up to 89.2 percent during January, only slightly higher than the previous level of 89 percent, recorded in December, the report noted. This was also markedly higher from January 2012's level of 86.4 percent.

"CRE loan pricing was mostly flat in January," said Will Mercer, managing director at DebtX. "The modest increase in loan prices securing the CMBS universe was primarily due to improving loan-to-value ratios, despite the upward shift in the yield curve."

Marketplace liquidity, which is denoted through the firm's Loan Liquidity Index, fell to 105.9 in January. The previous month's figure was 108.2. One year earlier, the level was only 96.2.

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