John B. Levy & Company published the Giliberto-Levy Monitor for the fourth quarter of 2017, revealing that commercial mortgage investments totaled their highest full-year return since 2014. Despite subdued performance for the fourth quarter, 2017 was the first time in three years all four quarters posted positive total returns.
In a piece for CRE Finance World, Yardi Matrix Director of Research Paul Fiorilla touts the new Giliberto-Levy High-Yield Debt Index, also known as the G-L 2. “Whether lenders have learned the lessons of the last cycle or will gradually write more aggressive loans is to be determined,” Fiorilla writes. “Whatever happens, though, for the first time there will be a way to measure what happened and why, and the impact in the high-yield debt market.”
Richmond, VA. January 4, 2018 – Investment banking leader John B. Levy & Company is pleased to announce updated results for its new Giliberto-Levy High-Yield Debt Index, also known as the G-L 2. The Index is the first third-party measure to monitor high-yield commercial mortgage debt performance. The G-L 2 complements the Giliberto-Levy Commercial Mortgage Performance Index (G-L 1), which has provided a quarterly performance benchmark for investments in private market first-mortgage real estate debt since 1993.
Richmond, Va. November 22, 2017 – John B. Levy & Company published the Giliberto-Levy Monitor for the third quarter of 2017, analyzing commercial mortgage investments that have produced three straight quarters of positive total returns. Private-market loans in investor portfolios posted a 1.07 percent total return in the third quarter, pushing year-to-date total returns to 5.28 percent.
Published quarterly, the Giliberto‐Levy Monitor highlights the results of the Giliberto‐Levy Commercial Mortgage Performance Index (G-L 1) and offers in‐depth market analysis and commentary on important aspects of the commercial mortgage industry.
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,