CMBS Loans in Massachusetts
Browse 13 lenders offering cmbs loans in Massachusetts. Compare rates, requirements, and loan programs — then connect directly.
CMBS Lenders in Massachusetts
13 lenders offering cmbs loans to borrowers in Massachusetts.
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.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
Morgan Stanley
New York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
Newmark
New York, NY
Major CRE advisory firm offering debt and structured finance, investment sales, and capital markets services.
Northmarq
Minneapolis, MN
Full-service commercial real estate debt and equity platform. One of the largest privately held CRE finance firms in the US.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
About CMBS Loans in Massachusetts
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. In Massachusetts, 13 lenders currently offer CMBS financing with loan amounts from $2M to $500M and rates typically ranging from 5.5% - 8%.
Massachusetts Market Overview
Massachusetts is the nation's leading life sciences cluster, anchored by world-class research universities and a dense concentration of biotech and pharmaceutical companies in the Greater Boston area. The knowledge economy drives premium demand for lab and office space.
The Greater Boston lab and life sciences real estate market commands some of the highest rents in the country, with specialized GMP and BSL-rated space requiring significant tenant improvement investment. Massachusetts Chapter 40B affordable housing requirements can affect mixed-use CRE developments, and the state's strong tenant protection laws influence commercial lease negotiations. Boston's 121A program offers significant property tax abatements for qualifying commercial developments in designated areas, which has been instrumental in catalyzing major projects in the Seaport District and other emerging neighborhoods.
Who Should Consider CMBS Loans?
- Large stabilized properties
- Borrowers wanting non-recourse
- Properties in major markets
- Long-term investors
Key Requirements
- Stabilized property
- DSCR ≥ 1.25
- LTV ≤ 75%
- Property in acceptable market
- No major deferred maintenance
Pros and Cons
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 Loans FAQ
What does non-recourse mean? ▼
Can I pay off a CMBS loan early? ▼
CMBS Loans by City in Massachusetts
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