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CMBS Research Data

Quoin is a free CMBS research tool delivered through an MCP connector. Connect it to Claude, ChatGPT, Copilot, or any MCP-compatible AI and research the loan, deal, property, remittance, and event history behind U.S. conduit CMBS.

Quoin MCP Connector

A semantic layer for structured finance research, built to answer across entities and time—not just retrieve files.

Connect Quoin
Built and managed by

Kavin Sakthivel

  • CFA Level II Passed
  • PhD Scholar, Computer Science
  • Master’s in Real Estate
  • Graduate Certificate in Competitive Intelligence
  • B.S. in Civil Engineering
Why Project Quoin exists

Many industries improve because people share what they learn. Real estate often keeps information private or sells access to it. Project Quoin is my contribution to making research easier to access, so more people can ask better questions and improve how we live and work.

LoansDealsPropertiesServicersRemittancesEvents
Sample analyst view

Lafayette Centre credit cycle

30 servicer-remittance periods for the $243.0M whole loan, from February 2024 through July 2026.

Combined balance$243.0M
Delinquent periods20 / 30
Peak delinquency123 days
Peak P&I advances$2.93M
Lafayette Centre whole-loan credit cycle Two-lane timeline of maximum days delinquent and combined P&I advances outstanding across 30 reporting periods from February 2024 through July 2026.

Upper lane: maximum days delinquent with a 60-day threshold. Lower lane: combined P&I advances outstanding. Focus a point for period detail.

Selected period February 6, 2024 0 days delinquent · $0 P&I advances outstanding · Current

June–August 2024 escalation. Delinquency rose from 62 to 123 days while P&I advances accumulated to $2.93M.

View period evidence
Period Combined balance P&I advances O/S Max days delinquent Scheduled interest Credit state

Each row is a combined whole-loan observation across the three pari-passu notes. Reporting periods are servicer remittance dates.

Source: CMBS Quoin via SEC EDGAR ABS-EE filings · combined whole-loan snapshot through July 6, 2026.

Quoin keeps the relationships intact so an analyst can move from an aggregate trend to the exact loans, deals, and source events behind it.

What an analyst can ask

  • Which loans face maturity or extension risk in the next 12 months, and how have their DSCR, LTV, debt yield, occupancy, and delinquency changed?
  • Which deals have the highest office exposure, top-10 loan concentration, or deterioration in property performance?
  • Trace special servicing, modification, appraisal reduction, liquidation, and loss severity back to the remittance history.

Research library

View the full research library

Connect Quoin

Use the endpoint below when adding a custom remote connector. The setup takes a minute.

Connect in Minutes

  1. Add Quoin to your AI workspace.
  2. Ask in the language of your research.
  3. Inspect the evidence behind the answer.
https://opencmbs.com/mcp

Claude

  1. Open Settings → Connectors.
  2. Choose Add custom connector.
  3. Paste the endpoint, add it, then connect.

ChatGPT

  1. Open Settings → Apps.
  2. Use the custom app / connector setup.
  3. Paste the endpoint, save, then enable Quoin in chat.

Have questions, thoughts, or research proposals—or need help setting Quoin up with your AI? Write to ks1998@georgetown.edu.