Our team just launched a great new product where our customers can value any commercial building within the US (CMBS & Non-CMBS) leveraging our massive database of property, loan, and financial data using our proprietary valuation software and comparable property technologies.
Subscribers can easily tweak assumptions on the fly and analyze the impact to the final value. Users can run scenarios and save different versions for base-case, downside (distressed), and dark scenarios.
The overall delinquency rate continued its decline for the ninth consecutive reporting period following its rapid ascent from April to June 2020. Although there has been a favorable trend, defaults on CRE mortgages remain elevated across the United States, driven primarily by the retail and lodging sectors. With ongoing COVID 19 vaccination efforts, we expect default rates to continue to level off with more immediate and significant improvements in the hotel sector throughout the remainder of the year.
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. For these 50 MSAs, the highest delinquency was in Minneapolis, followed by Cleveland and New Orleans. New York City saw the largest month-over-month increase in delinquency. Allentown, Pennsylvania reported the lowest default rate among the 50 MSAs. The most significant month-over-month decline in delinquency was in Louisville.
For the full report, download here:
By property type, 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.
Overall delinquency continued its decline for the eighth consecutive reporting period following its rapid ascent from April to June 2020. Although there has been a favorable trend, defaults on CRE mortgages remain at an elevated level across the United States, driven primarily by the retail and lodging sectors. We expect delinquency to remain elevated for 2021, however as COVID 19 vaccination efforts continue to ramp up, we anticipate more immediate and significant improvements to the hotel default rate throughout the year.
For the full delinquency report, download here:
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.
For full access to CRED iQ’s loan, property and valuation data, sign up here:
Overall delinquency continued its decline for the seventh consecutive reporting period following its rapid ascent from April to June 2020. Although there has been a favorable trend, defaults on CRE mortgages remain at an elevated level across the United States, which we expect to continue throughout 2021.
For the full February 2021 Delinquency Report, download here:
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.
For full access to CRED iQ’s loan database, start a free trial today and click here.
In this week’s WAR Report, CRED iQ showcases distressed opportunities in Tampa, NYC, and Houston. See the highlights of the report below, which contains loan, property, tenant, and valuation data.
CRED iQ: Loan transferred to Special Servicing on 11/12/2020 due to payment default. Loan is currently past due for its September 2020 monthly payment. Subject property is a two-level (ground & lower) retail condo, located in New York, NY at the base of The Atrium, a 190-unit multifamily building. Borrower has indicated several tenants remain delinquent due to the effects of COVID-19 on their business, namely the property’s largest tenant Le Poisson Rouge (13,623 SF, 46% NRA, exp 9/30/2027). Servicer advances total $606,177 as of December 2020. Access full loan, financial, borrower contact, and lender details here: cred-iq.com.
CRED iQ: The borrower delivered written notice of inability to pay the loan payments and offered up a deed-in-lieu. The previous modification provided for the Borrower to consent to the receiver. HSBC left the property in June 2018. Property has an environmental issue tied to a leak in the elevator shaft. The Receivership order was filed and signed a day later by the judge. The Receiver is in place and managing the property. JLL was chosen to handle the leasing. Evaluating lease up and sell vs sale as is. Have received some interest regarding lease up and note buyers.. Access full loan, financial, borrower contact, and lender details, by clicking here: cred-iq.com.
CRED iQ: The loan is secured by a 179,469 SF anchored retail property. The property is anchored by Best Buy, Marshalls and Big Lots. The property is also anchored by Target, which is not part of the collateral. The property was built in 1994 and renovated in 2011.
Occupancy has declined from 80.11% at Year-end 2019 to 58.20% as of Sept. 2020 due to Best Buy occupying 31,522 SF (34.28% GLA) vacating upon lease end in March 2020. The loan transferred to the special servicer in November 2020 for imminent monetary default.
Access full loan, financial, borrower contact, and lender details here : cred-iq.com.
CRED iQ is a commercial real estate data, analytics, and valuation platform designed to help industry professionals unlock investment, leasing, and lending opportunities. For a free trial and access to our loan-level database, register here.
Overall delinquency continued its decline for the sixth consecutive reporting period following its rapid ascent from April to June 2020. Although there has been a favorable trend, defaults on CRE mortgages remain at an elevated level across the United States. Despite Congress passing a $900 billion COVID relief bill, and initial COVID vaccination efforts, the benefits of these measures won’t immediately be evident for the majority of distressed commercial properties. As a result, we expect delinquencies will remain elevated for much of 2021.
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.
Among the markets with the largest spikes in delinquency for this reporting period is Cincinnati. Contributing to the overall default rate for this metro is the 212-key, Cincinnati Eastgate Holiday Inn. The full-service hotel was built in 1983 and renovated in 2010. According to the servicer, the loan defaulted in June 2020 and is heading for foreclosure. For more information on this property, please visit cred-iq.com.
For the full January 2021 Delinquency Report, download here:
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.
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.
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.
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
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
Requirements
Benefits
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.
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!
