The filings are public.
The read isn't.
Every CMBS loan, every maturity, every special-servicing transfer, every layoff and store closing is already disclosed somewhere. Verstavo refines that flood of public data into one read you can act on — surveillance plus disciplined early action, before the mess becomes a markdown.
Public CRE disclosure, refined into a distress read you can act on — and audit.
We don't have secret data. We have a refinery.
The disclosure is public — SEC EDGAR, FDIC call reports, court dockets, WARN notices — and it's a flood of mismatched, half‑labeled, filer‑by‑filer mess no desk has time to reconcile. We pump in ~30 public feeds, crack them through proprietary models — a stress score, aggregate cross‑trust LTV, special‑servicing capture, the interest‑only‑at‑balloon exit gap — and hand back graded product: the loans that matter, scored, ranked, and tied to the events moving them.
Crude in. Decisions out. Anyone can download the filings. The work is turning ten thousand barrels of raw disclosure into the three loans you need to call today — and that's the part you can't get from a terminal.
Distress surveillance is the post‑2017 EDGAR ABS‑EE conduit universe — the loan‑level CMBS record that’s public — now paired with each matched loan’s at‑issuance underwriting (origination LTV, appraised value, underwritten DSCR) from the deal’s original prospectus. It doesn’t yet include most single‑borrower (SASB) and floating‑rate deals (144A, off‑EDGAR), or agency CMBS. We tell you what we can see, and where the record ends.
You underwrote it once, at closing.
We re-underwrite it every quarter.
Underwriting is a one-time act. After closing, a book usually goes quiet until something breaks — a payment misses, a maturity arrives, a borrower asks for an extension. My Portfolios imports your loans and keeps running the underwrite: every quarter, against today's rates, today's market, and the actual door each loan has to exit through.
The entire portfolio module is deterministic — the reads are computed from your numbers, not generated. No loan, balance, borrower or address is sent to an LLM, by design, so nothing leaves our perimeter. More on how we handle your data at /trust.
| CMBS analytics | Stress scores, the maturity wall, aggregate cross-trust LTV, trust profiles, and top-tenant exposure per loan. |
| Institutional risk | An FDIC-based map of banks above regulatory CRE-concentration thresholds; CRE-CLO manager tracking via ABS-15G. |
| Distress signals | A daily bankruptcy feed (SEC / PACER / CourtListener / news), multi-state WARN layoffs across 45 states, tech layoffs, and a tenant-brand distress watch. |
| Geographic intelligence | ZIP-level demographics, LODES worker-flow analysis, and a metro-to-submarket crosswalk built from public geographies. |
| CRE Outlook | A published 12-month market forecast, generated and editorially reviewed. |
| My Portfolios | Your own book, re-underwritten every quarter against today's market — see above. |
| Daily briefing | A personalized dashboard that leads with what needs your attention — not just where to look. |
Start with the market. Drill to the loan.
We refine public disclosure into a number you can defend. Start with the free market view, or see what the loan-level microscope unlocks.