Data, analytics, and valuation firm CRED iQ has been publishing a series of alerts about CRE delinquencies and distress.
Now the company has taken a next step, creating a service it calls 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," describes a press release.
The company says that it reported almost $4 billion in maturity defaults this year, and it's not even at the calendar's halfway point. "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," it said. "The distress trend is clearly accelerating."
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