CMBS Loans
Securitized commercial mortgages for larger properties
Commercial Mortgage-Backed Securities (CMBS) loans are commercial mortgages that are pooled together and sold as bonds to investors. They offer competitive rates and non-recourse terms for larger stabilized properties, typically $2M and above.
Find CMBS Lenders →🎯 Best For
- • Large stabilized properties
- • Borrowers wanting non-recourse
- • Properties in major markets
- • Long-term investors
✅ Advantages
- ✓ Non-recourse (no personal guarantee)
- ✓ Competitive rates
- ✓ Higher leverage possible
- ✓ Rate lock at application
⚠️ Considerations
- • Inflexible after closing
- • Expensive prepayment (defeasance/yield maintenance)
- • Cannot modify property or lease without servicer approval
- • Minimum loan size $2M+
CMBS Loan Requirements
- ✓ Stabilized property
- ✓ DSCR ≥ 1.25
- ✓ LTV ≤ 75%
- ✓ Property in acceptable market
- ✓ No major deferred maintenance
Top CMBS Lenders
13 lenders offer cmbs loans nationwide.
Arbor Realty Trust
Uniondale, NY
Major CRE lender and REIT. Bridge, permanent, and agency financing. Specializes in multifamily and commercial properties.
Barclays
New York, NY
Active CMBS conduit originator. Commercial mortgage-backed securities for large CRE deals.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
Citigroup
New York, NY
Major CMBS conduit originator. Commercial mortgage lending for institutional-quality properties.
Deutsche Bank
New York, NY
Major CMBS originator. Large-scale commercial real estate debt and securitization.
Goldman Sachs
New York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
Janover
Boca Raton, FL
Commercial loan marketplace connecting borrowers with lenders. Multifamily and commercial property debt. Growing platform with competitive terms.
JLL Capital Markets
Chicago, IL
Global commercial real estate services firm. Debt placement, equity advisory, and investment sales across all property types.
CMBS Loans FAQ
What does non-recourse mean? ▼
Can I pay off a CMBS loan early? ▼
Are you a lender offering cmbs loans?
Aloan helps commercial lenders underwrite CMBS deals faster with AI-powered analysis. Reduce turnaround from weeks to minutes.
Exploring loan origination systems? Browse the LOS Directory.
Find CMBS Lenders for Your Deal
Tell us about your property and we'll match you with lenders offering cmbs loans.
Get Matched — Free →