Atrium in the press

New Visibility for Real Estate Financing

“Atrium Data recently launched a new commercial real estate (CRE) credit intelligence platform that tracks all CRE data nationwide to provide loan-level visibility and securitized loan data for investors.”

“Atrium Data recently launched a new commercial real estate (CRE) credit intelligence platform that tracks all CRE data nationwide to provide loan-level visibility and securitized loan data for investors … ‘We’re going out and finding obscure filings. We’re finding data sets that are technically public but are difficult to merge on a map together, and we’re able to stamp that type of information on a loan when others aren’t,’ said Ryan Alfred, CEO of Atrium.”

Commercial Mortgage-Backed Securities Distress Is Peaking — Again

“Atrium found $34.5 billion in office CMBS maturities hitting next year, including in New York ($8 billion), Boston ($3.7 billion) and San Francisco ($3.3 billion).”

“Atrium found $34.5 billion in office CMBS maturities hitting next year, including in New York ($8 billion), Boston ($3.7 billion) and San Francisco ($3.3 billion) … An analysis from analytics firm Atrium found certain metros with significant struggles in terms of CMBS distress: Minneapolis (70.6 percent) and Denver (66.6 percent) lead the country, and most of Minneapolis’ distressed office CMBS loans are already real estate-owned.”

Property Play: Here’s who’s financing all those data centers — including maybe you

“California-based Atrium is a loan-level commercial real estate and bank credit intelligence platform that is tracking what it estimates is $1.3 trillion in debt that backs about 4,300 U.S. data centers.”

“California-based Atrium is a loan-level commercial real estate and bank credit intelligence platform that is tracking what it estimates is $1.3 trillion in debt that backs about 4,300 U.S. data centers … ‘Everyone is talking about the data center boom, but almost nobody is tracking who actually holds the debt,’ said Ryan Alfred, CEO of Atrium.”

Sunday Summary: Who’s Funding $1.3 Trillion in Data Center Spending?

“CO was excited last week when San Diego-based Atrium, an AI analytics firm, launched an interactive data platform called ‘Who Finances America’s Data Centers,’ which tracks the money behind the $1.3 trillion (and counting) data center bonanza.”

“CO was excited last week when San Diego-based Atrium, an AI analytics firm, launched an interactive data platform called ‘Who Finances America’s Data Centers,’ which tracks the money behind the $1.3 trillion (and counting) data center bonanza … What makes Atrium’s platform so fascinating is that it delves into the nitty gritty of individual deals like Coreweave’s $23 billion debt facility from 38 different lenders … but at the same time it examines the breadth of activity of non-bank lenders like PIMCO (which has done $23 billion in originations), or borrowers like Amazon, Microsoft, Google, Meta and Oracle (five firms that alone account for $223 billion in long-term debt and credit facilities).”

Inaugural US data center financing report tracks $1.3trn debt load

“The report by Atrium identifies the growing role of private credit in the sector.”

Atrium Launches AI Platform Tracking $1.3T of U.S. Data Center Development Credit

“A first-of-its-kind resource … to follow the money behind 3,038 operational data center deals.”

“Atrium … has launched its new interactive data and research platform, ‘Who Finances America’s Data Centers,’ to track the debt dollars behind every data center deal in the U.S. The platform is a first-of-its-kind resource … to follow the money behind 3,038 operational data center deals.”

These 15 Lenders Are Leading The $1.3T Data Center Debt Surge

“Data centers and their related infrastructure in the U.S. carry at least $1.3T in debt, according to new data from AtriumData.ai.”

“Data centers and their related infrastructure in the U.S. carry at least $1.3T in debt, according to new data from banking intelligence platform AtriumData.ai … research that cross-references county-level mortgage data with loan databases, regulatory filings and corporate balance sheets to tally data center lending.”

Atrium Launches Credit Intelligence Platform for $10 Trillion Real Estate Debt Market

“Atrium’s platform delivers critical insights sooner by unifying 150+ data sources … into a single credit intelligence layer at the property level.”

“Atrium’s platform delivers critical insights sooner by unifying 150+ data sources across county records, trustee reporting, bank and REIT regulatory reporting, broker data, syndicated loans, and proprietary data into a single credit intelligence layer at the property level — regardless of who originated the loan.”

Stern On the Record, an HFC Tally and S2’s Spin Doctoring

“Our work caught the attention of the wonks at Atrium Data, who put together this visualization/deal tracker.”

“Our work caught the attention of the wonks at Atrium Data, who put together this visualization/deal tracker that makes it stark just how hard these nebulous entities went.”

Revealed: The Banks Powering Private Credit’s CRE Lending Boom

“In a new database, provided exclusively to Bisnow, credit intelligence platform Atrium Data mapped the growing network to show who’s financing CRE’s private credit boom.”

“In a new database, provided exclusively to Bisnow, credit intelligence platform Atrium Data mapped the growing network to show who’s financing CRE’s private credit boom … Atrium found that Axos’ credit back-leverage book is the most concentrated of any institution of its size, with a client list that totals at least 30 separate alternative asset managers.”

Data Center REIT Fermi Searching For New CEO, Opening Dallas HQ

“Fermi has a Macquarie Equipment Finance term loan with a 49% effective interest rate, requiring an approximate $149M repayment in August, the Atrium Data Research team reported.”

“Fermi has a Macquarie Equipment Finance term loan with a 49% effective interest rate, requiring an approximate $149M repayment in August, the Atrium Data Research team reported … Less than 48 hours later, Chief Financial Officer Miles Everson also departed, according to a report from banking intelligence platform AtriumData.ai.”

Stock Market Wobbles Fuel $28B Of Q1 Commercial Real Estate M&A

“Most of these are near-NAV takeouts that provide a nice premium to current share price,” Ryan Alfred, the founder of banking intelligence platform AtriumData.ai, wrote in an email.

“These aren’t ‘distressed’ takeouts happening way below net asset value. Most of these are near-NAV takeouts that provide a nice premium to current share price,” Ryan Alfred, the founder of banking intelligence platform AtriumData.ai, wrote in an email.

Fed Reforms Would Give Banks More Liquidity, But Murky Outlook Could Slow The Flow

“CitiBank, Wells Fargo, Bank of America, JPMorgan Chase, Morgan Stanley, UBS, Goldman Sachs, Raymond James and several other large banks would see double-digit reductions to their RWA calculation, according to AtriumData estimates.”

“Some of the largest lenders are set to see the largest reductions to their risk-weighted assets, a key variable in determining capital requirements, while the portfolio size would grow at two lenders, American Express and Capital One, according to an analysis by bank intelligence platform AtriumData.ai … CitiBank, Wells Fargo, Bank of America, JPMorgan Chase, Morgan Stanley, UBS, Goldman Sachs, Raymond James and several other large banks would see double-digit reductions to their RWA calculation, according to AtriumData estimates.”

Bank OZK Takes The Only Completed Lincoln Yards Office From Sterling Bay

“The Arkansas-based bank took ownership of the complete but vacant 284K SF office building in a deed-in-lieu-of-foreclosure transaction, records obtained by banking intelligence platform AtriumData.ai show.”

“The Arkansas-based bank took ownership of the complete but vacant 284K SF office building in a deed-in-lieu-of-foreclosure transaction, records obtained by banking intelligence platform AtriumData.ai show … ‘Most banks have moved past the peak of the CRE credit cycle. OZK is still in the thick of it,’ Atrium Data founder Ryan Alfred said in an email.”

Facing Investor Downgrades, IQHQ Confronts Challenging Market

“Six registered funds with $707M allocated to IQHQ marked down their positions in the second half of 2025 … according to a report from banking market intelligence platform Atrium.”

“Six registered funds with $707M allocated to IQHQ marked down their positions in the second half of 2025, an indicator of sliding values for the many lab megadevelopments launched in a frenzy in 2022 and 2023, according to a report from banking market intelligence platform Atrium … ‘When your rescue lender is a cannabis REIT and the coupon is 16.5%, the equity is under severe pressure.’”

Lenders’ Rent-Stabilized Disappearing Act, By The Numbers

“Lending to rent-stabilized properties fell 74% following Signature Bank’s failure, according to Atrium’s analysis, which covers more than 16,600 unique loans totaling $114B over the past six years.”

“Overall, lending to rent-stabilized properties fell 74% following Signature Bank’s failure, according to Atrium’s analysis, which covers more than 16,600 unique loans totaling $114B over the past six years … Lenders financed $27.6B of mortgages in 2019 across more than 3,700 deals covering buildings where at least half of the units are regulated, according to Atrium’s analysis.”

Lenders to Commercial Real Estate Owners: Pay Up Now

“They are entering the peak of distress right now,” said Ryan Alfred, chief executive of Atrium Data, which tracks the banking industry.

“While the largest money-center banks haven’t reported big problems, pressure is building on regional lenders that were aggressive commercial real estate lenders during the last cycle … ‘They are entering the peak of distress right now,’ said Ryan Alfred, chief executive of Atrium Data, which tracks the banking industry.”

Insurers Tackle $17B In Office Debt Maturities, Pivot To Multifamily And Industrial

“The industry’s 2026 office maturities are spread across 904 loans, according to an analysis by banking market intelligence platform AtriumData.ai.”

“The industry’s 2026 office maturities are spread across 904 loans, according to an analysis by banking market intelligence platform AtriumData.ai … ‘The maturity wall is navigable — for the right borrowers, in the right markets, with the right buildings,’ Alfred wrote.”

Bank OZK Is Cutting Its Losses. These Are The Properties To Watch

“Capital markets intelligence platform AtriumData.ai first linked the substandard credit to the property.”

Bank OZK Offloads $265M Life Sciences Construction Loan

“The transaction … was flagged in a note from AtriumData.ai, a banking market intelligence platform.”

“The transaction, which included the reassignment of the construction deed of trust and related loan documents dated Dec. 18, was flagged in a note from AtriumData.ai, a banking market intelligence platform. An analyst for the firm wrote that the deal signaled a significant shift in strategy from the Arkansas-based lender.”

The Office Market’s Budding Recovery Is Leaving Most Cities Behind

“Only 5% to 7% of bank-held office loans are now classified as delinquent, nonaccrual or modified, according to Atrium Data.”

“Only 5% to 7% of bank-held office loans are now classified as delinquent, nonaccrual or modified, according to Atrium Data. Banks think the current cycle ‘will mirror past cycles where eventually the market will come back, so just give it time,’ said Ryan Alfred, Atrium’s chief executive. ‘But the argument could be: it might not come back.’”