Portfolio Rate Intelligence for Mid-Market CRE

Cap expirations don't wait
for your next board meeting.

TenorMark gives CRE debt funds a live view of net rate exposure, hedge coverage, and maturity risk β€” with AI-generated briefs synthesized from live portfolio data and the current rate environment.

As of Feb 27, 2026 SOFR 3.67% Portfolio $1,135,000,000

The gap nobody built for

Excel isn't a risk system

Most mid-market CRE debt funds manage hundreds of millions in floating rate exposure without a live, unified view of net position after hedging. Caps, swaps, and loan maturities live in separate spreadsheets β€” if they're tracked at all.

Market intelligence is inconsistent

Fed commentary, cap market pricing, and CMBS spread movements reach CFOs sporadically β€” rarely mapped to their specific portfolio implications in time to act.

Cap expirations are time bombs

Floating rate loans with expiring caps go from hedged to fully exposed without a clear alert. The 2026–2027 maturity wall is concentrating this risk precisely when refinancing conditions are most uncertain.

Five metrics. One view.

The full portfolio reprices in real time as SOFR moves.

Core Metrics

Net Duration Impact
$6,463,300
per +100 bps SOFR
Hedge Coverage
82.3%
of floating exposure
Hedge Book MTM
$7,702
mark-to-market

Scenario Analysis

SOFR Rate 3.67%
Base scenario
Annual Cash Flow Impact

Maturity Ladder

Fixed Floating Hedged Floating Exposed

Briefed before the board asks.

AI-generated position and market intelligence, synthesized from live portfolio data and the current rate environment.

Know where your exposure lives.

Geographic concentration by market, sized by balance, colored by hedge status.

Fixed Rate Floating Hedged Floating Exposed

Built by Mike Pilla.

Previously analytics and product leadership at Jones Lang LaSalle and Merrill Lynch

TenorMark exists because the tools mid-market CRE debt funds actually need don't exist yet. The firms managing $250M–$1B in floating rate loans aren't large enough for institutional treasury infrastructure, and they're too sophisticated to stay in Excel. TenorMark is built for that gap β€” live exposure intelligence, AI-generated briefs, and geographic portfolio visibility in one platform.

If this looks like what your team is missing, let's talk →

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