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Compare · facts checked October 29, 2026

cmbs.news vs KBRA Analytics

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. KBRA Analytics sells KBRA Credit Profile (KCP): analyst-written, loan-level surveillance of private-label CMBS and CRE CLOs with loss scenarios, delivered inside Bloomberg, INTEXcalc and Trepp.

What it offers cmbs.newsfree todayKBRA Analyticspaid product
Coverage
Public conduit CMBS loans Every public trust that files Schedule AL source Private-label CMBS source
Private single-borrower (SASB, Rule 144A) deals Not filed with the SEC source Not published Says private-label CMBS without splitting out SASB
CRE CLOs No source Yes source
Agency multifamily (Freddie Mac, Fannie Mae) No source Not published
Property and ownership records beyond CMBS CMBS-financed properties only source Not published
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 KBRA analyst commentary source
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 Loss scenarios that feed cash-flow models in Intex, Bloomberg and Trepp source
Publishes a delinquency or distress index Open distress index, CSV and embed source Monthly delinquency on KBRA-rated CMBS source
Access
API Free JSON API, no key Pro, coming: Unlimited calls, commercial use and webhooks for the monthly change feed source Not published Bulk download and a data feed
AI connector (MCP) Free remote MCP server Pro, coming: Unlimited agent use source Not published
Free tier or trial Everything on the site source Trial on request source
How you get it Free, no login, no key source License; trial on request 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 Bulk download and a data feed source

● 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

KBRA Analytics

An affiliate of Kroll Bond Rating Agency

  • Loan-level commentary from a team of 40+ analysts
  • Six loss scenarios with default and resolution timing
  • Delivered inside Bloomberg, INTEXcalc and Trepp
  • A monthly delinquency report on KBRA-rated CMBS

Keep in mind

  • Licensed product; trial on request
  • Built to feed bond tools rather than as a standalone property lookup

Best for: Bond investors who want analyst judgment on each loan and loss scenarios that feed their existing cash-flow tools.

KBRA Analytics'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 KBRA Analytics?

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. KBRA Analytics: KBRA Analytics sells KBRA Credit Profile (KCP): analyst-written, loan-level surveillance of private-label CMBS and CRE CLOs with loss scenarios, delivered inside Bloomberg, INTEXcalc and Trepp.

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 KBRA Analytics best for?

Bond investors who want analyst judgment on each loan and loss scenarios that feed their existing cash-flow tools.

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.