In a February 2018 article for Institutional Real Estate Americas, Editor Loretta Clodfelter sat down for an in-depth conversation with John Levy, president of John B. Levy & Co. Detailing the the origin of the new G-L 2 index, Levy explained how it fits into the broader real estate debt environment.
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. October 11, 2017 – Investment banking leader John B. Levy & Company has unveiled a new version of the Giliberto-Levy Commercial Mortgage Performance Index (G-L Index). The G-L 2, or Giliberto-Levy High-Yield Real Estate Debt Index, is the first third-party measure available to monitor high-yield commercial mortgage debt performance.
The G-L 2 provides invaluable insight into the rates of returns from high-yield commercial real estate debt such as second mortgages,