CRED iQ Launches Real-Time Distress Alerts

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May 17, 2023, 10:07 ET

The new data system delivers key information on CRE loans that have been flagged as near-term credit risks.

NEW YORK and PHILADELPHIA, May 17, 2023 /PRNewswire/ -- CRED iQ, the fastest growing provider of commercial real estate (CRE) data, analytics and valuation is pleased to announce the launch of a breakthrough real-time data feed which is ideally suited for the current CRE environment.

Introducing CRED iQ's Daily Distress Alerts. As soon as any property, loan or portfolio hits key credit triggers that signal a potential or imminent default (such as a missed payment, increased number of days delinquent or transfer to the Special Servicer) a real-time alert, fully equipped with pertinent data is sent directly to CRED iQ subscribers via email.

Daily Distress Alerts – Learn More Here

"In today's market, being among the first to be notified is a critical advantage" noted Michael Haas, Co-Founder and CEO of CRED iQ. "Our software sends these vital alerts to our subscribers in nearly real-time, while including invaluable data about the loan and the reasons for the potential default."

CRED iQ reported nearly $4 billion in maturity defaults alone so far this year. Of the 50 largest MSAs tracked by CRED iQ, the overwhelming majority exhibited month-over-month increases from March to April in the percentage of distressed CRE loans. The distress trend is clearly accelerating.

"Our clients have expressed the critical importance of early notification of distress—both for tactical opportunities as well as the wider context and forecasting advantages" added Chris Aronson, Chief Commercial Officer of CRED iQ. "We listened carefully, and CRED iQ is now thrilled to deliver this exciting new capability."

Daily Distressed Alerts are available to all subscribers as an add-on feature. It is also included in some of our Enterprise subscriptions.

About CRED iQ

CRED iQ is a commercial real estate data, analytics, and valuation platform providing actionable intelligence to CRE and capital markets investors. Subscribers use the platform to identify valuable leads for leasing, lending, refinancing, distressed debt, and acquisition opportunities.

Full Data Access to CRED iQ

Our data platform is powered by over $2.0 trillion in transactions and data covering CRE, CMBS, CRE CLO, Single Asset Single Borrower (SASB), and all of GSE / Agency.

If you would like to learn more about CRED iQ's products and services, please contact [email protected] or (215) 220-6776. Visit us at cred-iq.com

SOURCE CRED iQ