See credit stress early.
Understand it deeply.
Verstavo is a computational intelligence platform built to detect emerging distress in commercial real estate credit — before problems become obvious. Combining comprehensive CMBS and CRE data, deterministic analytics, and natural-language reasoning, it continuously monitors credit conditions, identifies early warning signals, and helps users investigate the risks behind them. From individual loans to the broader market, Verstavo turns credit surveillance into valuable, deeper understanding.
Public CRE disclosure, refined into a distress read you can act on — and audit.
Every bank on the tape, as the regulator reads it
One page per bank on the Call Report tape above its $100mn asset floor — its commercial real estate concentration against the regulator’s own lines, and the public CRE tape cut to the metros where its branches are. The same sections for a one-branch bank and for the largest.
Find a bank →Every building on the CMBS tape, and who holds the debt
One page per commercial building with a securitized loan reported against it — every trust holding a piece, the balance each one reports, the maturity, the servicer and the named tenants, exactly as each trust filed them, with the disagreements between them printed rather than resolved. A building is the grain, not the loan, so one financed in four trusts appears once. A building financed privately by a bank, an agency or an insurer was never filed and is not on this tape.
Search buildings →Verstavo School of CRE
A public course on how this market actually works — from reading a securitized loan tape to running a workout, written by the people building the platform.
Start reading →One collateral, three channels
The same building can sit on a bank’s balance sheet, inside a CMBS trust, or in a CRE CLO — each disclosing a different amount about it. The stress doesn’t leave when a loan changes hands; it moves.
See the cross‑section →Where are we in the cycle?
U.S. bank noncurrent CRE back to 1991, across three downturns — so today’s reading has something real to be measured against.
Read the clock →Where the distress actually is
The all‑property blend reads calm because it averages office’s downturn into the healthy types. Split it apart and the story changes — office vertical, multifamily quietly re‑rated, retail and storage fine.
See the breakdown →The core did the small, honest thing this week: it eased. Across 12,176 CMBS loans and $262.79 billion of balance, $15.94 billion — 537 loans, 6.1% — sits in special servicing or 60-plus days late. The rate ticked down a tenth, distressed dollars fell $360 million, and bank noncurrent CRE slipped to 1.16%. But read past the headline: the distressed loan count still rose by 19, and 75 loans worth $2.08 billion newly crossed the line against just 24 cures. A static pool that cools on dollars while it thickens on count is not healing. It is churning the same names.
Investigate by asking questions,
not by assembling analyses manually.
A plain-language question on every page and in every entity drawer, answered off the tape with the metric it used named beside it — and scoped to what you are looking at, so a question the surface cannot answer gets a refusal that says why rather than a number that looks like one.
The reasoning runs over the public record. Your loans, balances and borrowers are never sent to a language model.
How the answers are built →You underwrote it once, at closing.
We re-underwrite it every quarter.
Import your loans and the underwrite keeps running — against today's rates, today's market, and the actual door each loan has to exit through. Not a score that sits there: a take-out test that names which constraint binds and the shortfall in dollars, re-run on every new tape.
Deterministic by design — your loans, balances and borrowers are never sent to a language model.
How the re-underwrite works →Start Your Free Trial
Create your account in seconds. We'll send a confirmation email — click the link and you're in on a full 30-day Advanced trial: loan-level detail, stress scores, the screener and alerts. No credit card required. Subscribe any time to keep it; when the trial ends your account drops to the public market view.