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Compare · facts checked October 29, 2026

cmbs.news vs CoStar

cmbs.news is a free, open reading of the loan-level filings public CMBS trusts make with the SEC every month: a page per loan, servicer comment facts, an open distress index, an API and an MCP server. A Pro tier with alerts, full history and bulk files is coming. CoStar is the largest commercial property database; it ties CMBS loan data to its building records and offers the COMPASS credit default model through Risk Analytics.

What it offers cmbs.newsfree todayCoStarpaid product
Coverage
Public conduit CMBS loans Every public trust that files Schedule AL source CMBS loans on building records source
Private single-borrower (SASB, Rule 144A) deals Not filed with the SEC source Not published
CRE CLOs No source Not published
Agency multifamily (Freddie Mac, Fannie Mae) No source Not published
Property and ownership records beyond CMBS CMBS-financed properties only source CoStar property database source
Depth
Loan-level data One page per loan source Yes source
Servicer or analyst commentary Facts and excerpts from special servicer comments in 10-D reports Pro, coming: Comment facts in bulk, with what changed from last month source Not published
Servicer watchlist flags Its own rule-based watch flags; the CREFC watchlist is not public source Not published
Bond classes, tranche analytics or cash-flow models Certificate classes, CUSIPs, credit support and losses; no cash-flow models source COMPASS credit default model source
Publishes a delinquency or distress index Open distress index, CSV and embed source Not published
Access
API Free JSON API, no key Pro, coming: Unlimited calls, commercial use and webhooks for the monthly change feed source Not published
AI connector (MCP) Free remote MCP server Pro, coming: Unlimited agent use source Not published
Free tier or trial Everything on the site source Not published
How you get it Free, no login, no key source Subscription Per CRE Daily source
Alerts on loans, portfolios or markets Free alert sign-up on any single loan; emails start once delivery is switched on Pro, coming: Alerts on whole portfolios, metros, property types and tenants source Not published
Bulk files or data feed CSV of every list Pro, coming: Full monthly history and bulk files (CSV, Parquet) source Not published

● yes · ◐ partly or on some plans · ○ no · Not published: not in a public source we could find. Each "source" link is the page the fact came from.

Where each is stronger

cmbs.news

Janover Capital LLC · founded 2026

  • Free, with no login, for every page, the API and the MCP server
  • Every figure links to the SEC filing it came from, and the method is public
  • Special servicer comment facts, appraisal reductions and certificate classes from the trusts' 10-D reports
  • An open, reproducible monthly distress index with CSV and an embeddable chart

Keep in mind

  • Covers only the public trusts that file with the SEC: no private SASB deals, CRE CLOs, agency or bank loans
  • No servicer watchlist (it is not filed with the SEC) and no bond cash-flow models
  • Figures are servicer-reported and run about a month behind
  • Launched in 2026: monthly history only goes back about a year

Best for: Owners, brokers, lenders, appraisers, reporters and AI agents that need the public-trust loans, servicer comment facts and an open index without a subscription.

Start with a loan lookup

CoStar

CoStar Group, Inc. (Nasdaq: CSGP) · founded 1987

  • The best-known CRE property database and comps
  • CMBS loans tied to detailed building records (about 100,000 active loans at the 2021 launch)
  • COMPASS credit default model, per CoStar's 10-K

Keep in mind

  • Sold by subscription as part of CoStar's platform

Best for: Teams that live in CoStar's property records and comps and want CMBS loans attached to each building.

CoStar's site

Try it now, free

Everything below works today without an account.

  • One SoHo SquareA loan page with the special servicer's comment facts, appraisal reduction and 12-month history.
  • The WireThis month's transfers, delinquencies, appraisal reductions and losses.
  • Distress indexMonthly delinquency and special-servicing rates, open data.
  • Tenant exposureEvery loan a tenant backs, with lease dates.
  • Trusts and bondsParties, certificate classes with CUSIPs, and losses.
  • Connect an AI assistantclaude mcp add --transport http cmbs-news https://cmbs.news/mcp

Coming in Pro

The free version stays free. Pro is for people who track these loans for a living:

  • Alerts on whole portfolios, metros, property types and tenants, not just one loan at a time
  • Full monthly history for every loan, as files or through the API
  • Special servicer comment facts in bulk, with what changed from last month
  • Unlimited API and MCP use for commercial work, and webhooks for the monthly change feed
  • Bulk files of every loan, property, bond class and liquidation (CSV and Parquet)
  • Unlimited seats on one subscription
Join the waitlist

Common questions

What is the main difference between cmbs.news and CoStar?

cmbs.news: cmbs.news is a free, open reading of the loan-level filings public CMBS trusts make with the SEC every month: a page per loan, servicer comment facts, an open distress index, an API and an MCP server. A Pro tier with alerts, full history and bulk files is coming. CoStar: CoStar is the largest commercial property database; it ties CMBS loan data to its building records and offers the COMPASS credit default model through Risk Analytics.

Who is cmbs.news best for?

Owners, brokers, lenders, appraisers, reporters and AI agents that need the public-trust loans, servicer comment facts and an open index without a subscription.

Who is CoStar best for?

Teams that live in CoStar's property records and comps and want CMBS loans attached to each building.

Other comparisons

cmbs.news is published by Janover Capital LLC, so this page compares our own product; we list what the other firm does better, and we have no relationship with it. Names and marks belong to their owners. Facts come from each firm's public pages and named third-party reviews, checked October 29, 2026; products change, so confirm with each firm. Corrections: hello@cmbs.news.