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Friday, 10 March 2017

Terms, Conditions of Use and Privacy Policy

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Terms and Conditions of Use and Privacy Policy

By using Commercial Real Estate Direct (the “Service”), a subscriber (a “Subscriber”) agrees to be bound by the  Terms and Conditions of Use set forth herein (the “Terms and Conditions”); unless and until Subscriber has executed a separate written agreement with Trepp LLC (“Trepp”), governing the Service (“Existing Agreement”) that expressly overrides these Terms and Conditions, then if there isanyconflict betweenthese Terms and Conditions and the Existing Agreement, the Existing Agreement shall control.

Use of any information, data and analytics from any other Trepp-owned or operated website or service including, but not limited to, http://www.trepp.com or https://www.trepp.com or http://www.investcapadvisors.net or https://www.investcapadvisors.net or http://loanadvisor.trepp.com or http://www.treppreitcafe.com or http://www.reitcafe.com or http://www.credataxpress.com or http://www.trepptrade.com or https://www.credataxpress.com http://www.treppdm.com or  http://www.treppdefaultmodel.com or http://www.trepp.com/clo (including without limitation, TreppWatch™, Trepp CMBS Analytics on the Web™, Trepp CMBS Pricing Service™, TreppDerivative™, TreppWire™, TreppLoan™, Trepp Bank Navigator™,TreppLoan Research™, TreppLoan Lead Finder™, TreppLoan Portfolios™, Trepp LoanADVISOR™, Trepp REITCafe™, TreppTrade™ Trepp CREDataXpress™, Markit iBoxx Trepp CMBS Indices™ Trepp CLO Analytics™, Trepp OLM™, Trepp SRA™ Trepp Default Model™ and/or Trepp Web Services), is governed by the "Terms Of Use" and/or other written policy provided on that applicable website.

 

COPYRIGHT AND LIMITATIONS ON USE

The information available through the Service is the property of Trepp, or its licensees and/or information providers and may be protected by copyright and other applicable intellectual property laws. The information in the Service is for Subscriber's use only. Sharing of passwords by Subscribers or non-Subscribers is strictly prohibited.  Subscriber agrees not to reproduce, redistribute, retransmit, broadcast or circulate the information received through the Service without the express prior written consent of Trepp, except that the information may be downloaded or printed for Subscriber’s personal, noncommercial use only.

 

DISCLAIMER OF WARRANTIES AND LIABILITY

Neither Trepp nor any of its providers of information makes any warranties, express or implied, as to the results to be obtained from use of the Service, and makes no express or implied warranties of fitness for a particular purpose or use. TREPP DOES NOT WARRANT THE ACCURACY, COMPLETENESS, OR TIMELINESS OF THE INFORMATION AVAILABLE THROUGH THE SERVICE, OR THE SERVICE ITSELF. IN NO EVENT SHALL TREPP BE LIABLE TO SUBSCRIBER OR ANYONE ELSE FOR ANY DECISION MADE OR ACTION TAKEN BY ANY SUBSCRIBER IN PURPORTED RELIANCE ON SUCH INFORMATION OR FOR ANY CONSEQUENTIAL, SPECIAL OR SIMILAR DAMAGES THAT MAY RESULT THEREFROM. SUBSCRIBER AGREES THAT THE LIABILITY OF TREPP ARISING OUT OF ANY KIND OF LEGAL CLAIM (WHETHER IN CONTRACT, TORT OR OTHERWISE) IN ANY WAY CONNECTED WITH THE SERVICE OR INFORMATION IN THE SERVICE OR THESE TERMS AND CONDITIONS SHALL NOT EXCEED THE AMOUNT SUBSCRIBER PAID TO TREPP FOR USE OF THE SERVICE.

 

Term and Termination

Subscriber has the option to try the Service at no cost for fifteen (15) days (the “Free Trial Period”) after Subscriber’s initial use of the Service.  The Service will automatically upgrade to an annual subscription upon expiration of Free Trial Period and Subscriber will be responsible for the applicable annual fee.  If Subscriber does not wish to upgrade to an annual subscription, Subscriber may cancel anytime during the Free Trial Period only, by visiting Subscriber’s user account and adjusting Subscriber’s subscription settings.

Notwithstanding, the term of Service will begin on earlier of (a) the date Subscriber registers to use the Service or (b) upon the expiration of the Free Trial Period unless otherwise canceled, and will continue for an initial period of one (1) year (“Initial Period”) from the end of the Free Trial Period.  The Service will automatically renew thereafter for successive one (1) year periods (each, a “Renewal Term” and, collectively with the Initial Period, the “Term”) at the then current list price unless either party notifies the other party in writing, by fax ((212) 832-6738) or email (crenews@crenews.com), of the terminating party’s decision to terminate the subscription at least thirty (30) days prior to the end of the Initial Period or the then-current Renewal Term. All fees shall be non-refundable.

Upon termination or expiration of the Term, Subscriber will comply with all instructions from Trepp concerning any return, deletion or destruction of data, information, media or other materials provided by Trepp to subscriber in connection with the Service.

Use of the Service is personal to Subscriber, and Subscriber may not assign or otherwise transfer his/her rights or obligations to anyone without Trepp’s prior written approval. If any provision(s) of these terms and conditions are invalid or unenforceable under applicable law, the remaining provisions will continue in full force and effect.  The laws of the United States of America and the State of New York shall govern these terms and conditions, all intellectual property rights, and Subscriber’s rights and obligations.

 

PRIVACY POLICY

Trepp is committed to protecting Subscriber’s privacy. The following discloses the information gathering and dissemination practices for Trepp.

When Subscriber gives Trepp contact information (your name, mailing address, and email address) in the course of Subscriber’s use of the Service, Subscriber’s information will be used by Trepp to monitor Subscriber’s usage of the Service, as well as to provide Subscriber with additional service, information and advertisements. Examples of Trepp’s use of Subscriber’s information could include:

  • tracking general usage patterns of Subscriber’s use of the Service;
  • using Subscriber’s IP address to help diagnose problems with Trepp’s server, and to administer the Service;
  • gathering and using information about Subscriber’s browser and operating system to enhance subscriber’s experience;
  • sending Subscriber announcements of upcoming product enhancements or Trepp events.

Currently, Trepp’s general policy is not to sell or otherwise provide any of the Subscriber’s data we collect to any outside entity.

To help Trepp maintain your privacy and in compliance with Federal laws, it is Subscriber’s responsibility to keep confidential the user name and password provided to subscriber by Trepp at the time of Subscriber’s registration of the Service.

The Service contains links to other websites. Trepp is not in any way responsible for the practices, policies, or the content of any such websites. Such websites may offer various products, services, and/or information. Subscriber should be aware that use of these third-party websites may be subject to separate terms and conditions, information collection practices, and other provisions. Trepp cannot ensure and makes no representations or warranties that Subscriber will be satisfied with any products or services offered and/or purchased from such third-party sites. Trepp does not endorse any of the products or services offered in any third-party sites. Trepp expressly disclaims any responsibility for the privacy policies, information collection practices, the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites.

 

 

 

Information Collection, Use, and Sharing

Trepp is the sole owner of the information collected via the Service. Trepp will only have access to/collect information that Subscriber voluntarily gives to Trepp via email, secure website or other direct contact from Subscriber. Trepp will not sell or rent this information to anyone.

Trepp may contact Subscriber via email in the future to tell subscriber about specials, new products or services, or changes to this privacy policy.

Trepp may request information from Subscriber at any time during the Term via an order form. To buy from Trepp, Subscriber must provide contact information (like name and shipping address) and financial information (like credit card number, expiration date). This information is used for billing purposes and to fill Subscriber’s order(s). If Trepp has trouble processing an order, Trepp will use this information to contact Subscriber.

Trepp uses commercially reasonable efforts to protect sensitive information transmitted online, as well as to protect Subscriber’s information offline. Only employees who need the information to perform a specific job (for example, billing or customer service) are granted access to personally identifiable information. The computers/servers in which Trepp stores personally identifiable information are kept in a secure environment.

 

Cookies

Trepp uses "cookies" on this site. A cookie is a piece of data stored on a site visitor's/Subscriber’s hard drive to help Trepp improve Subscriber’s access to Trepp’s site and identify repeat visitors to Trepp’s site. For instance, when Trepp uses a cookie to identify Subscriber, subscriber would not have to log in a password more than once, thereby saving time while on Trepp’s site. Cookies may also be used to enable Trepp to track and target the interests of Trepp’s users to enhance the experience on Trepp’s site. Usage of a cookie is in no way linked to any personally identifiable information on Trepp’s site.

If Subscriber feels that Trepp is not abiding by the privacy policy, please contact Trepp immediately via telephone at (212) 754-1010 or via email to crenews@crenews.com.

 



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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Private: No
Read 16316 times Last modified on Friday, 10 March 2017

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2016
Investment Bank #Deals Vol$mln MktShr%
JPMorgan Securities 14.94 10,350.16 15.14
Deutsche Bank 14.21 9,926.60 14.52
Wells Fargo Securities 13.36 9,513.96 13.92
Citigroup 10.87 8,061.79 11.80
Goldman Sachs 10.05 7,563.72 11.07

 

MOODY'S/RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2016
Lender #Loans Vol$mln MktShr%
JPMorgan Chase Bank 133.67 8,670.33 13.34
Goldman Sachs 156.20 7,418.37 11.41
Deutsche Bank 178.17 6,510.75 10.02
Citigroup 184.41 5,512.20 8.48
Morgan Stanley 113.18 4,130.53 6.35

 

 

 

REITCafe

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  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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