Boston-based Property & Portfolio Research Inc. (PPR) has launched its Structured Loan Module as an enhancement to COMPASSCRE, a desktop and Web services tool that calculates default metrics calibrated to historic commercial real estate mortgage defaults.
The addition of the Structured CRE Loan Module allows the modeling of structured loans, both A/B-type structures as well as mezzanine loans. It also takes into account the impact of loan seasoning and allows the determination of a time series of expected loss for any particular loan structure across market and property type, the company notes.
‘There has been an increase in structured risk layering in CRE loans in recent years,’ remarks Len Mills, director of debt research and risk management at PPR. ‘The Structured Loan Module allows clients to develop informed, proactive opinions about these risk layers across different markets and property types.’
