CRED iQ, a data, analytics and valuation platform serving the commercial real estate finance and investment communities, announced the integration of the Waterstone Defeasance Calculator into its User Interface. CRED iQ clients can now view total defeasance costs for all loans within its database totaling almost $1 trillion in commercial debt.
“Understanding the cost of defeasing a loan helps both CRE borrowers and brokers make smarter and faster decisions when it comes to refinancing, loan assumptions or selling a property,” said CRED iQ Co-Founder Michael Haas.
CRED iQ tracks, analyzes and values over 125,000 properties within its data and analytics platform, which includes the full CMBS Investor Reporting Package. Refreshed monthly, key data points such as current loan balances, origination and maturity dates, tenants’ lease expirations, servicer commentary and borrower contact details makes CRED iQ a one-stop-shop for CRE professionals.
“Integrating with CRED iQ’s loan and property data gives clients the right information at the right time to make good decisions regarding the exit strategy on a loan and its corresponding properties. Waterstone and CRED iQ can now provide the client with defeasance prepayment costs along with estimates ranging from 30 to 120 days from the estimated closing date,” said George Rodriguez of Waterstone.
