mortgagetape™Use Case · Commercial Mortgages (CMBS)
Ask questions about the underlying loans that back non-agency commercial mortgage-backed securities. The chat pulls from SEC EDGAR Reg AB II Schedule AL filings for 40+ active CMBS conduit trusts — Benchmark, BMO, WFCM, GS, Barclays, Citigroup, BBCMS, COMM and other issuers — refreshed monthly. Property-type composition, DSCR trajectories, occupancy trends, tenant concentration, and largest-loan screens are all in reach.
Sample prompts
Non-agency CMBS composition by property type
“Break down the current non-agency CMBS loan book by property type — count, UPB, and average occupancy for the latest reporting period.”
Office ($6.6B) and retail ($6.6B) are essentially tied for the largest property-type exposure in current non-agency CMBS UPB, with multi-family a close third ($5.5B). Industrial has the most loans (527) but a smaller aggregate UPB, reflecting smaller loan sizes; lodging carries the largest tail-risk concentration…
Office CMBS geographic concentration by state
“Break down the current outstanding non-agency office CMBS book by property state — loan count and total UPB for each state, ranked by UPB.”
California, New York, and Texas absorb the majority of outstanding office CMBS UPB — a concentration that reflects both where conduit issuance historically focused (gateway CBDs, top-25 MSAs) and where still-outstanding pre-2020 loans have not yet paid off or refinanced…
Largest lodging (hotel) CMBS loans currently outstanding
“List the 15 largest lodging (hotel) CMBS loans currently outstanding, with property city/state, current UPB, and most recent occupancy.”
The top 15 lodging CMBS loans by outstanding UPB concentrate in gateway urban markets (New York, Chicago, San Francisco) and destination-resort submarkets. Occupancy varies widely — from mid-40s at a handful of business-travel-dependent CBD properties to low-90s at leisure destinations…