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Real-Time CRE Loan Distress Monitor Launches
CRED iQ, a provider of commercial real estate data, analytics and valuation, has launched a real-time data feed to monitor distress. As soon as any property, loan or portfolio hits key credit triggers that signal a potential or imminent default—such as a missed payment, increased number of days delinquent or transfer to the special servicer—a real-time alert is sent directly to CRED iQ subscribers via email.
“In today’s market, being among the first to be notified is a critical advantage,” said Michael Haas, co-founder and CEO of CRED iQ. “Our software sends these vital alerts to our subscribers in nearly real-time, while including invaluable data about the loan and the reasons for the potential default.”
CRED iQ reported nearly $4 billion in maturity defaults alone so far this year. Of the 50 largest MSAs tracked by CRED iQ, the majority exhibited month-over-month increases from March to April in the percentage of distressed CRE loans. “The distress trend is clearly accelerating,” the company said.
- ◦Financing
