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DebtX, a company that helps banks trade their commercial real estate loan portfolios, has taken its product a step forward.
The company, which functions as an online loan trading center (www.debtx.com) and also conducts online loan auctions, has added on a commercial real estate loan portfolio valuation tool, DXMark. This is being touted as a valuation based on actual secondary market loan sales.
Kingsley Greenland, CEO, DebtX, says that it is "a unique measure of a portfolio's value because it is the only valuation based on a multitude of trades that buyers and sellers have completed under competitive conditions."
According to DebtX, "DXMark puts DebtX in the exclusive position of helping financial institutions identify hidden value and hidden risk to enhance performance and overall balance sheet management."
The loan data input for DXMark is based on transactions executed by the sellers and buyers participating at debtx.com. This includes input on all the major commercial real ...
Source: HighBeam Research, DebtX Adds CRE Valuation Tool.(commercial real estate)(Brief Article)