CRE Finance Council IRP™ (CREFC IRP™)

Commonly Known as CMSA IRP
 
Please contact Christina Zausner, Vice President, Industry and Policy Analysis, to confirm IRP Wiring Instructions.

Have a question regarding the CREFC IRP? Submit your question to Christina Zausner.
 
IRP Co-Chairs:
Leslie Hayton, Wells Fargo

Heather Wagner, Midland Loan Services

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 8.0Adopted February 3, 2016 / Effective September 30, 2016

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 7.2 ; Adopted September 25, 2015 / Effective October 31,  2015

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 7.1 ; Adopted June 5, 2015 / Effective June 30, 2015


CREFC Adopts New and Revised Watchlist Criteria – Adopted April 25, 2014; Effective June 30, 2015
 

 Please click on the links below to view the adopted versions for implementation purposes:

May 24, 2013 Conference Call on Version 7.0Click Here for Replay

CRE Finance Council Investor Reporting Package Version 7.0 Exposure Draft Released for Member Comment May 1, 2013

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 5.1 - Effective December 1, 2010
Introductory Guide to Investor Reporting Package


Overview:

The CRE Finance Council Investor Reporting Package (CREFC IRP) is a transparent, standardized set of bond, loan and property level information provided for all CMBS securitizations. It was initially rolled out in 1997 (Version 1.0 contained 100 of the most important bond/loan property level fields), and the latest Version, 7.2, went into effect on October 31, 2015.  CREFC IRP Version 8.0 Exposure Draft is currently out for member comment.  Once adopted next month, it will go into effect on September 30, 2016.  The CRE Finance Council IRP was developed for many reasons; chief among them was that various loan servicers were not providing the same information to the trustees on CMBS deals. Also, the trustee's statement to certificateholders (monthly remittance reports) were oftentimes in inconsistent formats (they now map to the IRP). Finally, investors were not privy to the same level of information from deal to deal, a problem remedied by the standard reporting format that the CRE Finance Council IRP provides.

The information in the CRE Finance Council IRP is contained in two different formats: electronic data files and reports (supplementals, reports for operating statement analysis, and templates). The CRE Finance Council IRP is usually available at the Trustee and/or Master Servicer websites.


Resources:

Servicer Survival Guide: 2016-2017 Edition - A Practical Guide to Servicing in CMBS

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 7.2 ; Adopted September 25, 2015 / Effective October 31,  2015

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 7.1 ; Adopted June 5, 2015 / Effective June 30, 2015

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 7.0 - Adopted July 1, 2013; Effective October 1, 2013

CREFC IRP v7.0 Exposure Draft Released for Member Comment – May 1, 2013

CREFC Adopts Proposed Disclosure Templates - IRP Version 5.2  - December 21, 2012

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 5.1    

CRE Finance Council Investor Reporting Package 5.1 Exposure Draf t - September 30, 2010

CRE Finance Council Investor Reporting Package x 6.0 Preliminary Exposure Draft #1 - January 12, 2009

CRE Finance Council Investor Reporting Package (CREFC IRP) Version 5.0

Lockbox Definitions as per Version 7.0 of the IRP

MBA Property Inspection Form

IRP Frequently Asked Questions

CMSA Investor Reporting Package (CMSA IRP ®) Version 4.1

CREFC IRP Tutorial Presentation (Updated July 1, 2013)

CMSA-Europe Investor Reporting Package (UK only)


CREFC INTELLECTUAL PROPERTY ROYALTY LICENSE AGREEMENT