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 an alert 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 co-founder and CEO of CRED iQ stated “In today’s market being among the first to be notified is a critical advantage. Our software sends these vital alerts nearly in real time while including invaluable data about the loan and reasons for potential default.”
CRED iQ reported nearly $4 billion in maturity defaults alone so far this year with majority of 50 largest MSAs tracked exhibiting month over month increases from March to April in percentage of distressed CRE loans indicating an accelerating trend.
