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TractTerm articles

Plain-English explainers from the TractTerm team.

TractTerm article card: the headline “Planning for the commercial real estate maturity wall” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Planning for the commercial real estate maturity wall

How much commercial real estate debt matures in 2026, why exposure is uneven by property type and lender, and how to set warning horizons.

August 30, 2026

TractTerm article card: the headline “Commercial real estate prepayment penalty structures” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Commercial real estate prepayment penalty structures

Yield maintenance, defeasance, and step-down prepayment penalties on commercial real estate loans, and what each one costs a borrower to exit.

August 30, 2026

TractTerm article card: the headline “The extension option notice deadline” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

The extension option notice deadline

How commercial loan extension options work: the notice window, the conditions a borrower has to satisfy, and why the deadline gets missed.

August 30, 2026

TractTerm article card: the headline “When an interest rate cap expires before loan maturity” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

When an interest rate cap expires before loan maturity

Why an interest rate cap often expires before loan maturity, what that gap costs a borrower, and how to track the cap expiration date alongside the loan.

August 30, 2026

TractTerm article card: the headline “SOFR reset dates on a commercial real estate loan” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

SOFR reset dates on a commercial real estate loan

How SOFR reset dates work on a floating-rate commercial real estate loan, and why the reset calendar matters more than the index level today.

August 30, 2026

TractTerm article card: the headline “TractTerm pricing: what each tier costs” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

TractTerm pricing: what each tier costs

TractTerm pricing: Starter $149, Growth $349, Pro $749 per month, metered on loans under management with unlimited users on every tier.

August 30, 2026

TractTerm article card: the headline “ChathamDirect alternatives for smaller borrowers” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

ChathamDirect alternatives for smaller borrowers

Alternatives to Chatham Financial's ChathamDirect for CRE owners below institutional scale: LoanBoss, TreasuryView, TractTerm, and spreadsheets. August 2026.

August 20, 2026

TractTerm article card: the headline “LoanBoss alternatives for CRE debt management” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

LoanBoss alternatives for CRE debt management

Alternatives to LoanBoss for borrower-side CRE debt management: what Chatham, DebtBook, TreasuryView, and TractTerm each cost and cover, verified August 2026.

August 20, 2026

TractTerm article card: the headline “TractTerm vs TreasuryView” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

TractTerm vs TreasuryView

TractTerm vs TreasuryView: the two transparently-priced debt trackers compared on meter, scope, and cost, with verified August 2026 pricing for both.

August 20, 2026

TractTerm article card: the headline “Commercial real estate loan covenants, explained” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Commercial real estate loan covenants, explained

What commercial real estate loan covenants are (financial, operational, and collateral), how lenders test them, and how borrowers track them without surprises.

August 7, 2026

TractTerm article card: the headline “Commercial real estate covenant compliance certificates” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Commercial real estate covenant compliance certificates

What a commercial real estate covenant compliance certificate contains: thresholds, actuals, headroom, pass/fail, and the officer signature block.

August 7, 2026

TractTerm article card: the headline “Commercial real estate lender reporting requirements” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Commercial real estate lender reporting requirements

What commercial real estate lenders require borrowers to deliver (rent rolls, operating statements, compliance certificates) and the deadlines that bite.

August 7, 2026

TractTerm article card: the headline “What happens if you breach a loan covenant?” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

What happens if you breach a loan covenant?

A covenant breach starts a sequence the loan documents define: notice, cure, waiver, or default. What each stage means and why finding it first matters.

August 7, 2026

TractTerm article card: the headline “Loan covenant tracking spreadsheet: the limits” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

Loan covenant tracking spreadsheet: the limits

How to build a loan covenant tracking spreadsheet: the columns that matter, test cadences, headroom math, and the point where it breaks.

August 7, 2026

TractTerm article card: the headline “What is a DSCR covenant?” set in white type on a deep purple gradient, with the TractTerm wordmark above itArticle

What is a DSCR covenant?

A DSCR covenant requires net operating income to cover debt service by a set margin. How lenders compute it and why their number differs from yours.

August 7, 2026