Commercial Briefs

RealMassive Launches DataQu
Commercial real estate data provider RealMassive, Austin, Texas, launched data-visualization platform DataQu.

The company’s technology combines data sourced from individual brokers and owners, third-party providers and public databases to provide up to 250 distinct data points on properties nationwide.

RealMassive DataQu offers subscription options that allow customers to choose and pay for only the data they need. Subscription options include individual software seat licenses, multi-seat subscription packages with data export functionality and API access for easy integration.

LGIS Group Launches Deposit Assurance Service to Grow Deposits and CRE Loans
Commercial property loan insurance firm LGIS Group, Atlanta, announced Deposit Assurance Service, which gives financial institutions a way to gain additional deposits from funds currently committed to supporting liquidity covenants on commercial real estate loans within their portfolios.

Typically, financial institutions require a liquidity covenant of 10 percent of the loan amount on a CRE loan. This exists as a covenant, not additional collateral, and is held by another sponsor financial institution so it is largely inaccessible by the lending institution if a problem arises. With LGIS Group’s Deposit Assurance Service, financial institutions can release the liquid collateral covenant for borrowers in place of a direct 1 to 2 percent cash deposit that remains with the lending institution for the entire loan term, providing true “sticky” or core deposits and additional liquid collateral.

Freddie Mac Prices $1.1B Multifamily K-Deal
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms.

The company expects to issue $1.1 billion in K-102 Certificates, which it expects to settle on or about December 12.

Wells Fargo Securities LLC and Goldman, Sachs and Co. LLC served as Co-Lead Managers and Joint Bookrunners. Bancroft Capital LLC, BofA Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were Co-Managers.