CRED iQ, a provider of commercial real estate data, analytics and valuation, has launched a real-time data feed to monitor distress in the CRE market. Subscribers receive near-instant alerts as soon as any property loan or portfolio hits key credit triggers that signal potential or imminent default – such as missed payments, increased days delinquent or transfer to special servicer.
Michael Haas – CRED iQ’s co-founder and CEO – emphasizes the importance of being among the first to be notified in today’s market: “Our software sends these vital alerts with invaluable data about the loan and reasons for potential default directly to our subscribers nearly in real time.”
Accordingly, CRED iQ reported nearly $4 billion worth of maturity defaults alone this year so far. Of 50 major MSAs tracked by CRED iQ most exhibited month over month increases from March through April 2020 concerning distressed CRE loans percentage; thus confirming an accelerating trend towards distress within this sector.
