{"id":1465,"date":"2021-12-11T19:22:03","date_gmt":"2021-12-11T19:22:03","guid":{"rendered":"https:\/\/cred-iq.com\/blog\/?p=1465"},"modified":"2021-12-11T19:22:03","modified_gmt":"2021-12-11T19:22:03","slug":"cre-data-analytics-startup-cred-iq-launches-cmbs-operating-advisor-division","status":"publish","type":"post","link":"https:\/\/cred-iq.com\/blog\/2021\/12\/11\/cre-data-analytics-startup-cred-iq-launches-cmbs-operating-advisor-division\/","title":{"rendered":"CRE Data Analytics Startup CRED iQ Launches CMBS Operating Advisor Division"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>The CRE Data, Analytics, and Valuation platform has entered the Operating Advisor business within the CMBS Industry<\/strong><\/h3>\n\n\n\n<p>RADNOR, Pa. \u2013 <a href=\"https:\/\/cred-iq.com\/browse\" data-type=\"URL\" data-id=\"https:\/\/cred-iq.com\/browse\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CRED iQ<\/strong><\/a>, a data, analytics and valuation platform serving the commercial real estate finance and investment communities announced its expansion into the Operating Advisory business for Commercial Mortgage-Backed Securities (CMBS). The Operating Advisor role was introduced to the industry post financial crisis to review Asset Status Reports for defaulted loans, evaluate proposals by the special servicer in handling defaults, and recalculate appraisal reduction amounts.&nbsp; Additional responsibilities are triggered once a Control Termination Event occurs within a transaction.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-round\"><a class=\"wp-block-button__link has-black-color has-light-green-cyan-background-color has-text-color has-background\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cre-data-analytics-startup-cred-iq-launches-cmbs-operating-advisor-division-301439161.html\" target=\"_blank\" rel=\"noreferrer noopener\">Read Press Release<\/a><\/div>\n<\/div>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2021\/12\/CRED-iQ-Operating-Advisor-Commercial-Mortgage-Alert-Q4-2021.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Embed of CRED-iQ-Operating-Advisor-Commercial-Mortgage-Alert-Q4-2021..\"><\/object><a href=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2021\/12\/CRED-iQ-Operating-Advisor-Commercial-Mortgage-Alert-Q4-2021.pdf\">CRED-iQ-Operating-Advisor-Commercial-Mortgage-Alert-Q4-2021<\/a><a href=\"https:\/\/cred-iq.com\/blog\/wp-content\/uploads\/2021\/12\/CRED-iQ-Operating-Advisor-Commercial-Mortgage-Alert-Q4-2021.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p>As part of its newly expanded role, CRED iQ made critical hires of industry veterans, Jim Reed and Marc McDevitt.&nbsp; Jim Reed has over 15 years of asset management and workout experience with Oppenheimer and Capmark. Marc McDevitt was a senior member of Kroll Bond Rating Agency (KBRA) where he led a team of analysts tasked with identifying, monitoring and valuing distressed commercial properties.<\/p>\n\n\n\n<p>CRED iQ Co-Founder Bill Petersen explains \u201cMoving into the Operating Advisor role was a natural progression for the platform since we are already monitoring and valuing distressed assets across the CMBS universe. We often identify loans at risk of default long before they become delinquent or transfer to the special.\u201d Prior to Co-founding CRED iQ, Petersen ran the CMBS Ratings Surveillance group for Kroll Bond Rating Agency. \u201cWe have decades of experience with identifying, monitoring, and valuing risky assets, as well as a deep understanding of CMBS structures and processes. We look forward to drawing upon our experience to inform our discussions with the servicers.\u201d<\/p>\n\n\n\n<p>\u201cWe are thrilled to have Jim and Marc join CRED iQ and help us expand into a new business line that serves the CMBS industry\u201d, said CRED iQ Co-Founder, Michael Haas.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-round\"><a class=\"wp-block-button__link has-vivid-purple-background-color has-background\" href=\"https:\/\/cred-iq.com\/auth\/realms\/cred\/protocol\/openid-connect\/registrations?client_id=app-cred&amp;redirect_uri=https%3A%2F%2Fcred-iq.com%2Fsubscribe&amp;state=7e1fbd9f-c6ef-416b-89b7-55cfcf37c747&amp;response_mode=fragment&amp;response_type=code&amp;scope=openid&amp;nonce=10bce5b1-33e7-474a-aa54-e5186317be88\" target=\"_blank\" rel=\"noreferrer noopener\">Create a Free CRED iQ Account<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>About CRED iQ<\/strong><\/p>\n\n\n\n<p>CRED iQ is a commercial real estate data, analytics and valuation platform serving professionals across the CRE investment, brokerage, and lending industries.&nbsp; Updated monthly, CRED iQ\u2019s robust database is powered by over $2.0 trillion of loan and property data from the securitized universe. CRED iQ tracks data on CMBS Conduit, SBLL, CRE CLO, and Agency debt combined with verified borrower and true ownership contact details.<\/p>\n\n\n\n<p><strong>Related News<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/cre-data-analytics-startup-cred-144000967.html?.tsrc=fin-srch\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/finance.yahoo.com\/news\/cre-data-analytics-startup-cred-144000967.html?.tsrc=fin-srch<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CRE Data, Analytics, and Valuation platform has entered the Operating Advisor business within the CMBS Industry RADNOR, Pa. \u2013 CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities announced its expansion into the Operating Advisory business for Commercial Mortgage-Backed Securities (CMBS). The Operating Advisor role was [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1466,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[2,3],"tags":[4,5,10],"class_list":{"0":"post-1465","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-top-stories","9":"tag-cmbs","10":"tag-commercial-real-estate-data","11":"tag-valuation"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/1465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/comments?post=1465"}],"version-history":[{"count":0,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/posts\/1465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media\/1466"}],"wp:attachment":[{"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/media?parent=1465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/categories?post=1465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cred-iq.com\/blog\/wp-json\/wp\/v2\/tags?post=1465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}