December 2020 Delinquency Report

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December 5, 2020

Overall delinquency continued to decline this reporting period following its rapid ascent from April to June this year. We maintain our position that delinquencies will remain elevated over the near term despite the improving trend based on the continued impact of the COVID 19 pandemic on the commercial real estate market.

The-CRED-DQ-Report-December-2020-Edition Download

CRED iQ monitors market performance for nearly 400 MSAs across the United States. Below is a summary of the default rates for the 50 largest metros segmented by property type. Consistent with the months following the start of the pandemic, the hotel and retail sectors remain the largest contributors to the delinquency percentages for the majority of these statistical areas. Loans backed by self-storage, multifamily, and industrial facilities posted the lowest delinquency rates for most of these markets.

Featured Markets Below:

CRED iQ will continue to track developments by market across the nearly 400 MSAs under coverage. Please visit cred-iq.com for periodic updates and to identify lending, leasing, distressed debt or acquisition opportunities within these markets.

Download the full December 2020 Delinquency Report here:

About CRED iQ

CRED iQ is a commercial real estate data, analytics and valuation platform designed to help industry professionals unlock investment opportunities and evaluate portfolio risks. Driven by a combined 30+ years of experience, CRED iQ provides actionable intelligence for $765 billion of commercial mortgage data. The user-friendly interface effectively identifies near- and long-term credit risks through interactive proprietary valuation and monitoring systems. For a free account, sign up here.

Former Chief Technology Officer of Ten-X Joins CRED iQ’s Advisory Board

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CRED iQ

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November 24, 2020

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RADNOR, PA June 16, 2020 (Bisnow) – CRED iQ, the commercial real estate data, analytics, and valuation startup, today announced the addition of Lawrence Yuan to its Advisory Board. Yuan’s technology experience and leadership further strengthen CRED iQ’s platform capabilities.

Lawrence Yuan is a seasoned technology executive with 23 years of experience leading high growth technology companies. Most recently, he was the CTO of Ten-X which is the largest commercial online real estate marketplace, powering more than 90 percent of all online sales. Last month, Costar acquired Ten-X for $190 million. Prior to Ten-X, Lawrence held engineering leadership roles at LinkedIn, Yahoo, and IronPort Systems. Lawrence is a named inventor on five US patents and holds a Bachelor’s degree from UC Berkeley.

“Lawrence’s background really impressed us,” said CRED iQ Co-Founder, Mike Haas. “His leadership and experience with scaling massive tech platforms like LinkedIn, Yahoo, and Ten-X will be invaluable as we grow the CRED iQ platform. We’re very excited to have him join our Advisory Board and look forward to working closely with him.”

Lawrence brings a wealth of CRE data and technology experience as well as building social networking businesses. “I’m excited to join the team and help CRED iQ deliver on its vision to become an essential data platform for CRE and capital market investors.”

CRED iQ Co-Founder, Bill Petersen said,” We’re excited to have Lawrence join our team. His background and in-depth understanding of CRE technologies is a great fit for us as we continue to develop the full functionality of the CRED iQ platform. With Lawrence’s help, we look forward to regularly implementing new products, and enhancing existing features.”

About CRED iQ

CRED iQ is a commercial real estate valuation and data analytics platform designed to help industry professionals unlock investment opportunities and identify portfolio risks. Driven by a combined 30+ years of experience, CRED iQ provides actionable intelligence for $600 billion of commercial mortgage data. The user-friendly interface accurately assesses near- and long-term credit risks through interactive proprietary valuation and monitoring systems.

Sign up for a free trial at www.cred-iq.com

Sales Director – Job Post

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CRED iQ

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November 24, 2020

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CRED iQis a commercial real estate data analytics, valuation, and lead generation tool providing actionable intelligence to CRE and capital markets investors. Launched in 2020 the platform was developed with leading-edge technologies, and delivers real-time commercial real estate data through a user-friendly interface. Subscribers to CRED iQ use the platform to identify opportunities for leasing, refinancing, mezzanine lending, distressed debt, and acquisition.

We are actively seeking a Sales Director with 5-10 years experience to help expand our client base. The successful candidate must have a proven track record of exceeding sales goals in a business-to-business (B2B) environment. You will be responsible for selling multiple CRED iQ products to a variety of commercial real estate, financial services and banking clients including: Brokers, Commercial Lenders, Loan Servicers, Distressed Debt Investors, Insurance Companies, Money Managers, Real Estate Developers, Real Estate Owners/Investors, Appraisers and Technology Platforms. Our compensation plan is generous and includes commission for the life of account.

Responsibilities

Schedule and lead CRED iQ product demonstrations for in-person and remote sales meetings (travel may be required).
Establish and cultivate relationships through the entire lifecycle from prospecting through closure and renewals.
Manage a sales pipeline, produce monthly forecasts and track all activity within our CRM
Participate in marketing and business planning to identify revenue generating opportunities within the industry.
Collaborate with CRED iQ Product and Engineering teams to ensure total client satisfaction.

Requirements

5 – 10 Years of Enterprise / SaaS Sales experience
Proven track record of exceeding sales goals
Startup experience (preferred)
Commercial Real Estate, CMBS, Data and/or Technology experience (preferred)
Strong communication skills, verbal and written
Business travel required
Bachelor’s degree in Business or Finance is preferred

Benefits

Competitive Base Salary
Commission (new and renewal)
Equity Options
Home Office Expense Reimbursement
Flexible Work Schedule / Remote Work

CRED iQ is a fintech startup that thrives in a fast-paced dynamic environment. Candidates who are self motivated professionals eager to help grow a burgeoning business will succeed in this role. If you would like to apply or learn more about this opportunity, please contact us at team@cred-iq.com.

CRED iQ – Live Demo of Newest Features

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CRED iQ

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November 4, 2020

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Search over $910 billion of commercial real estate data, including multifamily, office, retail, hotel, industrial, and self storage properties across the U.S. Key data points include maturity dates, loan balances, tenant’s lease expirations, and true borrower/ownership contact details. The platform also has an interactive valuation tool to calculate real-time market valuations. Start a free trial at cred-iq.com!

Former Vice President of Global Technology for DBRS Joins CRED iQ

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CRED iQ

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October 14, 2020

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Former Vice President of Global Technology for DBRS Joins CRED iQ

RADNOR, PA, October 14, 2020 – CRED iQ, the commercial real estate data, analytics, and valuation startup announced the addition of Zac Ruiz to its advisory board. Ruiz joins CRED iQ with over 20 years of experience working on technology teams across a variety of industries including 10 years in securitization and capital markets. He will help lead data strategy, quality control and UI/UX efforts.

Ruiz operates a Data Lab and was previously the Vice President of Global Technology for DBRS where he architected the DBRS internal transaction management systems and provided technical support for model development initiatives. He has led teams of software engineers to execute product strategies and road maps while refining agile software development methodologies.

“Zac is passionate about finding ways to derive value from data, building innovative products, and the intersection of technology and leadership.” Said CRED iQ Co-Founder Mike Haas. “We look forward to leveraging his past experience with CMBS and CRE data combined with new data lake technologies. Zac is a great guy and will be a huge addition to the team as we grow the platform.”

Zac has a solid understanding of CRE data and CMBS and brings a wealth of experience with developing similar platforms. “Commercial real estate is on everyone’s mind and the time is now for the industry to increase adoption of technology and data as it navigates the uncertainty ahead. Bill and Mike have such a detailed and specific vision for CRED iQ; they know exactly where they want to be and how they want to serve the industry. I am excited for the opportunity to lend a hand to their mission.”

CRED iQ Co-Founder Bill Petersen said, “We’re excited to have Zac join the team. His expertise with developing similar applications and his understanding of the commercial real estate and CMBS markets will be a significant help to CRED iQ as we continue to evolve the platform.”

About CRED iQ

CRED iQ is a commercial real estate valuation and data analytics platform designed to help industry professionals unlock investment opportunities and identify portfolio risks. Driven by a combined 30+ years of experience, CRED iQ provides actionable intelligence for over $730 billion of commercial mortgage data. The user-friendly interface accurately assesses near- and long-term credit risks through interactive proprietary valuation and monitoring systems.

Sign up for a free trial at Free Trial

What is CRED iQ?

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CRED iQ

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September 25, 2020

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Welcome to the first installment of CRED iQ’s blog series. CRED iQ is a commercial real estate valuation, market analytics and lead generation tool designed for brokers, lenders, appraisers and CRE/capital markets investors. Developed with leading edge technology, CRED iQ efficiently delivers real-time commercial real estate and market information through a user-friendly interface (www.cred-iq.com). Subscribers have access to a comprehensive data set of distressed and non-distressed assets complete with owner contact details. Updated monthly, the data includes mortgage, financial and occupancy information, as well as commentary on distressed assets.

The data is housed securely in the cloud and is displayed on a dynamic interface built to help facilitate commercial real estate opportunities. CRED iQ makes it easy to filter over $765 billion of commercial mortgage data. Users can search by zip code, city, submarket, and MSA, or use the interactive map with street and aerial views. Or users can filter by property type, building size, maturity date, delinquent loans and lease expiration dates. Search results can be easily exported into .csv and converted to Excel to slice and dice the data to the user’s specifications.

By running a quick search, CRED iQ will generate a targeted list of opportunities specific to the needs of the user. Results are inclusive of ownership information with borrower name, loan guarantor, ownership entity and contact name, phone numbers emails, and addresses.

CRED iQ uses the expansive market and collateral data to provide real-time valuations for all assets within its database. Multiple valuation scenarios, income approaches, and discounted cash flows with over 50+ adjustable assumptions backed by 20 years of empirical data are used to derive the market values.

Users are supplied with submarket and market statistics, cap rates, rent and expense comps as well as the functionality to apply additional stresses to any of the CRED iQ assumptions to arrive at their own valuations. CRED iQ valuations are performed using the same methodology as an MAI-certified appraisal but with more technology to increase accuracy, transparency and confidence.

To get started with a free trial, please visit www.cred-iq.com, or contact us at team@cred-iq.com.

Please be sure to check back periodically for updates on new tech rollouts as well as industry related research.