The Commercial Real Estate Secondary Market and Securitization Association (CSSA), the trade association for the commercial mortgage-backed securities industry, last week said it is looking for a contractor that can aid the group in building a CMBS database.
New York-based CSSA said they would like the database to provide access to data at the securities level as well as at the collateral level for all outstanding CMBS issues. The database will be designed to serve investors, traders, issuers, rating agencies and others.
"Although individual member companies have made some of this information available, this database will mark the first comprehensive source of CMBS data open to all our members," said Joseph Franzetti, who heads CSSA's database committee.
Franzetti added that the database is part of an overall effort by CSSA to "take the lead in responding to the market's need for standardized data." A decision on a vendor is expected by Sept. 15.
To get a copy of the CSSA's request for proposals, parties should contact Jim Flaherty of Gate Capital at jflaherty@gatecapital.com, or at 415-576-8008. -ES
