CRED iQ launches commercial real estate comps software
Developed using a proprietary algorithm, the software selects similar properties from the CRED iQ dataset based on multiple ownership and loan factors and assigns a score based on the relevance of each composition. The software automatically generates compositions for the properties in the CRED iQ database. Users can also enter property details to generate comps for almost any commercial property in the United States.
Co-founder Michael haas âOur platform was built using the latest data lake technologies so that commercial real estate professionals can instantly access relevant, timely and verified property and loan data. Comps technology enables users quickly assess market fundamentals or take out a specific loan using detailed financial data from intelligent market analyzes with just a few clicks. “
“We have developed this tool to provide users with a convenient way to compare the performance, valuation and lending characteristics of any commercial property against its competitive environment.” explains the co-founder Bill Petersen. “Users have access to listings for all properties in our database, or search and generate listings for almost any commercial property in the country.”
Access the new software with a 7-day free trial by signing up here.
About CRED iQ
CRED iQ is a commercial real estate data, analysis and valuation platform serving professionals in CRE’s investment, brokerage and lending sectors. Updated monthly, CRED iQ’s robust database is fed by more than $ 1.5 trillion data on loans and real estate in the securitized universe. CRED iQ tracks data on CMBS Conduit, SBLL, CRE CLO, and the agency debt combined with verified contact details of the borrower and the actual property. Based at Radnor, Pennsylvania, the company also has offices in Dallas and Portland, OR.
SOURCE CRED iQ