CMBS Trading

Real-Time Analytics and Position Management for CMBS Trading

Valitana gives CMBS traders the analytics and portfolio intelligence to make better decisions at every stage, pre-trade through ongoing portfolio management. Analyze conduit, SASB, Fusion, and CRE CLOs, drill through any CMBS bond to the underlying properties, compare relative value across the market, and monitor portfolio exposure as positions evolve without rebuilding Excel models for every trade.

Built for How CMBS Desks Actually Work

CMBS pools commercial real estate loans into securitized bonds traded by hedge funds, asset managers, insurance companies, and bank credit desks. Much of the secondary market flows through BWICs across conduit, SASB, and CRE CLO transactions, where success depends on accurate pricing and quick response. That means understanding the collateral behind each bond, modeling scenarios, and finding comparable trades, often across disconnected Excel models and legacy systems.

Valitana supports the full workflow, from deal analysis through to portfolio management. Valitana Analytics delivers structured product analysis, deal-level cash flow modeling, scenario-based pricing, and relative value across the CMBS market. Valitana Vantage extends that insight into trade and position management across asset classes, connecting deal-level analysis to portfolio context at the point of decision.

More than 90 institutional firms use Valitana to replace fragmented Excel workflows and legacy systems.

Pre-Trade Analysis

Find Comparable Bonds in Seconds

Instantly surface recent BWIC price color on comparable bonds, helping traders price opportunities without manually searching historical lists.

Price Every Trade on Your Own

Assumptions Run cash flow projections and yield tables with a single keystroke. Models refresh in fractions of a second as property valuation and cap rate assumptions.

Stress-Test Every Scenario Before You Bid

Model cash flows at both the deal and loan level to evaluate extension risk, credit performance, and downside scenarios before committing capital.

See How Valitana Analytics Powers CMBS Analysis

Trade Evaluation

Find Comparable Bonds in Seconds

Instantly surface recent BWIC price color on comparable bonds, helping traders price opportunities without manually searching historical lists.

Price Every Trade on Your Own

Assumptions Run cash flow projections and yield tables with a single keystroke. Models refresh in fractions of a second as property valuation and cap rate assumptions.

Build Risk Views Around Your Strategy

Model cash flows at both the deal and loan level to evaluate extension risk, credit performance, and downside scenarios before committing capital.

See How Valitana Vantage Supports CMBS Trading

BWIC Workflow

Turn BWIC Lists Into Actionable Intelligence

Automatically parse BWICs and offering lists from multiple dealers into a centralized workflow, so every opportunity is organized and searchable.

Analyze Bonds Without Rebuilding Them

Move directly from parsed BWIC lists into deal analysis, eliminating manual data entry and allowing traders to price opportunities immediately.

Stress-Test Every Scenario Before You Bid

Model cash flows at both the deal and loan level to evaluate extension risk, credit performance, and downside scenarios before committing capital.

See How Valitana Streamlines BWICs