CMBS Loans in Michigan
Browse 13 lenders offering cmbs loans in Michigan. Compare rates, requirements, and loan programs — then connect directly.
CMBS Lenders in Michigan
13 lenders offering cmbs loans to borrowers in Michigan.
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 Michigan
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 Michigan, 13 lenders currently offer CMBS financing with loan amounts from $2M to $500M and rates typically ranging from 5.5% - 8%.
Michigan Market Overview
Michigan's economy is transitioning beyond its automotive manufacturing roots, with Detroit's revitalization attracting technology companies and startups. The state's extensive freshwater coastline and university system support a diversifying economic base.
Michigan's Industrial Facilities Tax Exemption can reduce property taxes on new or rehabilitated industrial facilities by up to 50% for up to 12 years, making it a powerful incentive for manufacturing-related CRE. Detroit's commercial market offers some of the most attractive cap rates among major metro areas, though investors must carefully evaluate neighborhood-level conditions. Michigan's non-judicial foreclosure by advertisement is fast (approximately 60 days), but the state provides a 6-month redemption period for commercial properties, during which the borrower can reclaim the property by paying the full amount owed.
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 Michigan
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