Michael Haas

I tried designing our AI mascot. I’m keeping my day job. 😂 We’re building Creddy, @cred_iq AI Super Analyst, Supercharged for commercial real estate data. He has a name. He has a purpose. He has access to the best databases in the industry. His appearance is still very much a work in progress. and needs to hit the treadmill. So let’s build this part in public. Design your own Creddy avatar or mascot. The winner gets a free custom CRED iQ data query and a cred shirt of your choosing. Have a market you’re researching? Looking for upcoming loan maturities or distressed properties? Bring your CRE question, and we’ll work with you to turn it into a query using our data. The creative brief is simple: 🔹 Smart, approachable, and memorable. 🔹 Some personality. A little weird is welcome. 🔹 Your own original character. Use AI. Draw it yourself. Build it in 3D. Whatever gets the idea across. Drop your design in the comments with one sentence explaining your Creddy. We’ll share our favorites, invite everyone’s feedback, and have the @cred_iq team pick the winner. Designers, CRE people, AI experimenters, and anyone convinced they can do better than my attempts: this is your moment. Help us put a face to “Data Never Sleeps.” Here's some oldies but goodies from the scrap yard!! The Gritty turned Creddy still cracks me up every time. then there's the pillsbury credboy, Liam, the LLM large loan monster. then cool cred ambassador's club from 330 weeks ago on instagram. #CREDiQ #CommercialRealEstate #BuildInPublic

BMARK 2026-B44 IPTs are out. $701.6MM public, 10-year conduit led by Goldman, Deutsche, BMO, Barclays, JPM, UBS and Citi. 30% C/E on the AAAs with a 32.2% LTV and 31.6% debt yield. A-5 (AAA, 9.86 WAL): J+90a A-S: J+115a B (AA-): J+150a C (A-): J+210a Pricing this week. Full stack on @cred_iq . Right at 280 with the table screenshot attached. If you want a comparison angle, the 10-year AAA at J+90 against last week’s 5-year BMARK V24 at J+93 is a clean one-liner: the curve is basically flat and the longer paper is getting paid less.

BMARK 2026-V24 guidance out this morning. $682.4 million conduit, 43 loans / 74 properties, Goldman-led. A-3 (AAA LCF): J+91a
A-S: J+120a
B (AA-): J+150a
C (A-): J+215a WA coupon 6.89%, DSCR 1.76x, LTV 57.7%, DY 13.5%. Prices this week, settles Nov 13. Source: CRED iQ

Nice opportunity

BMARK 2026-V24 initial price thoughts are out. $682.4MM public, 5-year conduit. 30% credit enhancement on the AAAs with a 40.4% LTV and 19.3% debt yield. A-3 (AAA): J+93a A-S: J+120a B (AA-): J+150a C (A-): J+225a A-2 is priced off the LCF. Full stack and loan-level detail on @cred_iq

Deutsche is out with talk on a $483.6MM multifamily deal. A-2 (AAA) 30% C/E, 4.71 WAL: J+100a A-3 (AAA) 30% C/E, 4.85 WAL: J+102a A-M (AAA/AAA) 21.38% C/E: J+120a B (AA-/AA high) 15.88% C/E: J+145a C (A-/A high) 11.75% C/E: J+190a AAA talk at J+100 with 30 points of credit enhancement. We'll see where it clears. Full capital stack, loan & property, and deal docs on CRED iQ.

This is fire. 🔥