John B. Levy & Company has released the Giliberto-Levy Commercial Mortgage Performance Index (G-L Index) for the second quarter of 2017. The G-L Index tracks private-market loans in investor portfolios and produced a 2.11% total return in the second quarter.
Quarterly income return was 1.11% and capital value produced 1.01%, consisting of a 1.05% price return and a -0.04% contribution from other factors. Combined with a 2.01% total return in the first quarter,
COMMERCIAL MORTGAGE ALERT, May 19, 2017: The team behind the Giliberto-Levy Commercial Mortgage Performance Index is rolling out a new measure of returns on high-yield commercial mortgages.
Mortgage banker John Levy and investment manager Michael Giliberto have begun producing a tool for gauging and comparing investment returns on mezzanine loans and other subordinate debt, including preferred equity and B-notes, along with high-yield senior mortgages.
“I can say categorically that this is the first index of its kind,” said Levy,