RADNOR, Pa., Sept. 23, 2021 /PRNewswire/ — CRED iQ, an information, analytics and valuation platform serving the industrial actual property finance and funding communities immediately introduced the launch of its property comps instrument. The instrument compares a topic’s appraised worth, lease, bills, occupancy, cap fee, rate of interest, in addition to a number of different property and mortgage traits in opposition to its aggressive set and the general market.
Developed utilizing a proprietary algorithm, the software program selects related properties from CRED iQ’s knowledge set primarily based on a number of property and mortgage components and assigns a rating primarily based on the relevance of every comp. The software program routinely generates comps for properties within the CRED iQ database. Customers may also enter property particulars to generate comps for nearly any industrial property within the US.
Co-Founder Michael Haas says “Our platform was constructed utilizing the newest knowledge lake applied sciences in order that industrial actual property professionals might immediately entry related, well timed, and verified property and mortgage knowledge. The comps expertise permits customers to shortly gauge market fundamentals or underwrite a selected mortgage utilizing detailed financials from clever market comps with a couple of clicks.”
“We developed this instrument to offer a handy means for customers to check efficiency, valuation and mortgage traits for any industrial property with its aggressive set.” Explains Co-Founder Invoice Petersen. “Customers have entry to comps for all properties inside our database, or search and generate comps for nearly any industrial property within the nation.”
Entry the brand new software program with a free 7-day trial by registering here.
About CRED iQ
CRED iQ is a industrial actual property knowledge, analytics and valuation platform serving professionals throughout the CRE funding, brokerage, and lending industries. Up to date month-to-month, CRED iQ’s sturdy database is powered by over $1.5 trillion of mortgage and property knowledge from the securitized universe. CRED iQ tracks knowledge on CMBS Conduit, SBLL, CRE CLO, and Company debt mixed with verified borrower and true possession contact particulars. Headquartered in Radnor, PA, the corporate additionally has workplaces in Dallas and Portland, OR.
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SOURCE CRED iQ