Mimir
Capital stack

What is actually recorded against this building.

Not what the borrower says is on it. Mortgages, assignments, satisfactions, mechanic's liens, lis pendens and tax distress, assembled per building from the instruments themselves — each line linked to the document that created it.

The stack

Senior to equity, with the paper behind it

Positions are built from recorded instruments and their subsequent assignments and satisfactions, so a paid-off loan stops counting and a quietly assigned one still does. Implied equity is derived and labelled as derived, never presented as a filing.

  • Senior, mezzanine and junior debt with recorded amounts and dates
  • Assignments and satisfactions tracked, so stale liens do not linger
  • Derived values marked as derived — never dressed up as a record
1220 Kestrel Avenue, Queens, NYsynthetic
Capital stackEst. value $18.4M
  • Senior mortgageMERIDIAN SAVINGS BANK$11.9M64%
  • MezzanineARDEN BRIDGE FUND II LP$2.2M12%
  • Mechanic’s lienNORTHGATE CONTRACTING$0.34M2%
  • Equity (implied)KESTREL 1220 LLC$3.96M22%
Distress

The filings that arrive before the trouble does

Lis pendens, foreclosure filings, tax delinquency and code violations attach to the building and roll up to the resolved owner. Save a search and the terminal tells you the moment one lands, with the document attached.

  • Distress events attached per building and per resolved owner
  • Alerts carry the source document, so the signal is a fact
  • Open versus resolved status tracked, not assumed
Signal feed — livesynthetic
  • Lis pendens88 Harrow St, Brooklyn2m ago
  • Deed recorded1402 Sable Ln, Tampa11m ago
  • Tax delinquency9 Bellhouse Ct, Bronx24m ago
  • New mortgage77 Marlowe Blvd, Queens38m ago
  • Entity dissolvedPELL ROW PARTNERS LLC52m ago
  • Code violation304 Pell Row, Brooklyn1h ago
  • Satisfaction filed1220 Kestrel Ave, Queens1h ago
  • Foreclosure filed612 Ordway Dr, Newark2h ago
  • Lis pendens88 Harrow St, Brooklyn2m ago
  • Deed recorded1402 Sable Ln, Tampa11m ago
  • Tax delinquency9 Bellhouse Ct, Bronx24m ago
  • New mortgage77 Marlowe Blvd, Queens38m ago
  • Entity dissolvedPELL ROW PARTNERS LLC52m ago
  • Code violation304 Pell Row, Brooklyn1h ago
  • Satisfaction filed1220 Kestrel Ave, Queens1h ago
  • Foreclosure filed612 Ordway Dr, Newark2h ago
Why this is hard

A lien is easy. A lien history is not.

Anyone can pull a mortgage index. The work is deciding which of four documents referring to the same loan is still operative, which satisfaction actually discharged it, and which assignment moved it to a party who never appears on the original.

That resolution is the same machine that resolves identity, applied to instruments instead of people. It runs deterministically, and every conclusion keeps a pointer to the records that produced it.

Test it against a file you have already closed.

Pull a deal you underwrote and compare the stack we return against what you found. Anything we surface that you missed is the case for the product.