CRED iQ and Waterstone Defeasance Announce Integration Partnership

CRED iQ tracks, analyzes, and values over 125,000 properties within its data and analytics platform, including the complete CMBS Investor Reporting Package.

FREMONT, CA: 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 massive 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 Co-Founder Michael Haas of CRED iQ.

"We're excited to work with Waterstone to integrate their calculator into our platform. Adding this feature is one example of understanding our clients' preferences and delivering technology to help streamline their decision-making process", said Co-Founder Bill Petersen.

CRED iQ tracks, analyzes, and values over 125,000 properties within its data and analytics platform, including the complete 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.

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