See the stress
while the market's still reading the numbers.
Verstavo reads the whole public disclosure record — CMBS tapes, bank call reports, court and bankruptcy filings — and scores it for distress, from the state of a market down to the single loan about to break.
Public CRE disclosure, refined into a distress read you can act on — and audit.
The map above is live. Every U.S. market with a securitized footprint, scored for distress from the same public filings the loans report under — CMBS balances, the maturity wall, locally‑headquartered bank stress, and the on‑the‑ground feed of store closures, layoffs and CRE bankruptcies, re‑cut by market.
Click into any market and keep going — down to the individual loan. A 0–100 stress score from DSCR, maturity, LTV, special‑servicing and IO‑at‑balloon; and bankrupt and closing tenants mapped to the exact loans exposed.
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 →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?
Thirty‑five years of U.S. bank noncurrent CRE 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 →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 card required. Subscribe any time to keep it; when the trial ends your account drops to the public market view.