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 real estate and credit factors, and assigns a rating based on the relevance of each comparison. The software automatically generates comps for real estate in the CRED iQ database. Users can also enter property details to generate comps for almost all commercial properties in the United States.
Co-founder Michael Haas Says: “Our platform was built with the latest data lake technologies to give commercial real estate professionals instant access to relevant, timely and verified real estate and credit data. Comps technology enables users to quickly assess market fundamentals or based on a particular loan to draw more detailed financial data. ” with just a few clicks of intelligent market prices. “
“We designed this tool to give users a convenient way to compare the performance, rating and credit characteristics of any commercial property against its competition.” Declared co-founder Bill Petersen. “Users have access to comps for all properties in our database or search and generate comps for almost all commercial properties in the country.”
Access the new software with a free 7-day trial by registering here.
About CRED iQ
CRED iQ is a data, analysis and valuation platform for commercial real estate that serves professionals in the investment, brokerage and credit industries for commercial real estate. CRED iQ’s robust database is updated monthly and is maintained by over $ 1.5 trillion of credit and real estate 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. Headquarters in Radnor, PA, the company also has offices in Dallas and Portland, OR.
SOURCE CRED iQ