DebtX, the largest marketplace for loans, said that prices of commercial real estate loans underlying CMBS increased slightly in March.

During the month, the estimated price of whole loans securing the CMBS universe increased to 99.6%, up from 99.2% in February. Prices were 99.6% in March 2015.

"CMBS prices posted a slight increase in March and were unchanged year-over-year," said DebtX Managing Director Will Mercer. "The Treasury yield steepened during the month, with rates shorter than five years dropping and longer term rates increasing."

As of the end of March, DebtX had priced $889 billion in commercial real estate loans that collateralize U.S. CMBS trusts, up from $883 billion in February. Median adjusted loan-to-value remained at 57% and the median debt service coverage ratio also remained at 1.48. The median estimated loan yield held at 4.3%.