Trepp Teams Up with The Rockport Group to Introduce a Real Estate Underwriting Model for CMBS
November 16, 2009
The Rockport Group (Rockport) and Trepp LLC (Trepp) today announced a major new enhancement to help provide greater transparency to the commercial real estate debt markets.
Trepp clients can now launch a pre-populated Microsoft Excel underwriting model developed by Rockport for commercial real estate focused investors. With this model, market participants can analyze property cash flows, calculate year over year trends, perform discounted cash flow analysis and then upload the concluded cash flow vector back into Trepp's Web products.
The basic Rockport model is available to Trepp clients as part of their regular subscription. The Basic Model comes seeded with detailed property financial statements. Clients looking to perform even more robust underwriting and analysis can upgrade to Rockport's Enterprise model for an additional fee.
"Trepp, LLC and Rockport are committed to providing CMBS and distressed debt investors with a robust tool to help further their investment diligence. We are proud to announce that not only can the loans now be analyzed quickly and thoroughly in Excel, but that the detailed financial statements will also be available," said Will Trepp, Managing Director of Rockport.
Andy Leibman, Senior Vice President at Trepp added "We are very excited to be providing Rockport's real estate underwriting model to our clients. In this environment, commercial real estate investors are looking for ways to run deeper analysis than ever before and Rockport's property and loan level analytics provides a very powerful option."
This marks the first time an integrated loan underwriting model has been made available to investors.
Rockport was founded in the 1990's to provide tools to help solve the problems facing the Commercial Real Estate Industry. These tools have evolved into an enterprise web-based platform that gives institutions control over their Commercial Real Estate Assets and Portfolio Risk. Rockport's platform includes a comprehensive core database, scalable document repository, simple and configurable web interface, integrated Microsoft Excel underwriting model, powerful reporting, compliance functionality and secure hosting leveraging SAS 70 Type II certified datacenters with geographically dispersed backups.
Trepp LLC, headquartered in New York City, is an established independent provider of CMBS and commercial real estate information, analytics and technology in the securities and investment management industry. Trepp serves the needs of both the primary and secondary markets by providing one of the largest commercially available trading quality CMBS deal libraries, as well as a suite of products for the CRE derivatives and whole loan markets. Trepp's clients include broker dealers, commercial banks, asset managers, and investors.
Source: Press Release