Trepp

Trepp supplies data, analytics and technology to the structured finance, commercial real estate and banking markets. Its coverage spans CMBS, CLOs, commercial mortgages and bank loan portfolios, and it sells to distinct audiences — asset managers, appraisers and valuation specialists, investment sales and mortgage brokers, CMBS investors, CLO investors and managers, and banks.

What a subscriber gets is loan, deal and property-level detail rather than a headline index. Asset managers track an asset through its lifecycle, benchmark loan performance and manage portfolio risk; appraisers pull property values and operating performance with market trends by property type; CMBS investors analyse bonds, generate cash flows, research collateral and monitor geographic exposure using standardised Fannie Mae, Freddie Mac and CMBS loan and property information, with daily commentary on deals, loans, pricing and spread movements. TreppCLO addresses corporate CLOs with standardised, back-tested data and waterfall steps viewable without a separate structuring platform, and the team ships enhancements every three weeks. Underwriting trends, performance statistics and lending activity can be cut for custom markets and comparable groups across hundreds of metropolitan areas.

Trepp was founded in 1979 and works from New York, at 600 Fifth Avenue, with further offices in Irving, Texas and London. It describes itself as the largest commercially available database of securitized mortgages and says it serves more than 1000 client firms. Its consulting business handled asset-backed securities and structured municipal bond financings early on, and in 1986 it was selected by the Public Securities Association to create a clearing house for all CMO/REMICs; since 1997 it has worked exclusively on CRE and CMBS. Its subsidiary, Commercial Real Estate Direct, publishes daily news on the commercial real estate capital markets. Trepp is wholly owned by DMGT.

Pricing is not published anywhere on the site — every product route ends in scheduling a call with the team — and the data included differs by product, so scope and cost both have to be established in that conversation.