Owner reporting / Evaluation guide
What information belongs in a CRE covenant review?
Start with the executed agreement, approved covenant definitions and the property or entity information required for the relevant test period. Record the calculation basis, source dates, reviewer and unresolved inputs before a result is used.
By CREx Software · Editorial review 2026-10-18
Keep contractual definitions beside the operating information.
Two loans can use different definitions for a similarly named measure. The finance team and appropriate advisers confirm the applicable definition, test date and permitted treatment. A portfolio dashboard alone does not establish contractual compliance.
What to confirm before choosing the scope
| Requirement | What to confirm | What to retain |
|---|---|---|
| Agreement | Identify the applicable agreement and amendments. | Keep the document version and review owner. |
| Test period | Confirm the date and period required by the agreement. | Separate historical results from projections. |
| Inputs | Identify financial statements, balances and supporting schedules. | Show missing or disputed inputs. |
| Definition | Use the finance-team-approved calculation basis. | Record exclusions and adjustments. |
| Review | Confirm who accepts the calculation and any communication. | Retain the reviewed result and open actions. |
These are buyer and reviewer questions. They do not claim that the checks run automatically in CREx or establish a missing capability in another product.
Review example
A source question to work through
A property report covers a calendar quarter while a loan test requires a different period. Mark the mismatch and obtain the required sources. Do not present the available quarter as the contractual test result.
Record the source, affected output, person responsible and next review date. Keep an unanswered item open until the appropriate reviewer accepts its treatment.
Where CREx fits
CREx OS is the portfolio data and reporting foundation beneath CREx Intelligence. Agree source coverage, reporting definitions, delivery expectations and review responsibilities for your account. Confirm the specific AI environment and available capabilities in the proposal. Your team reviews the evidence and makes the decision.
Eligible CREx OS accounts include support from the CREx team. Work with a named CREx operator to agree reporting responsibilities, shared capacity and coverage for your account.
Core is separately scoped Consulting for bespoke data projects. It is separate from the data foundation included in OS.
Questions to bring to the discussion
Does CREx automatically alert on loan maturities or rate caps?
Can a software result replace the finance review?
Continue with the relevant guide
Discuss your requirements
Bring the source question.
Start with the manager roster, reporting purpose and open questions. We can discuss the relevant CREx scope and what needs confirmation.
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