The aggregate value of commercial real estate loans that collateralize commercial mortgage-backed securities (CMBS) priced by Boston-based loan marketplace DebtX dropped to 88.3 percent at the end of July, from 88.4 percent at the end of June and 85.3 percent at the end of July, 2011.
In July, DebtX priced 55,032 CRE loans with a $769.2 billion aggregate principal balance. The loans collateralize 753 U.S. CMBS trusts, the company said in a statement.
"Commercial real estate loan prices fell slightly in July after rising for seven straight months," said DebtX Managing Director Will Mercer. "The price decline was primarily due to an increase in the Treasury yield curve and a slight increase in credit spreads."