CMBS Loans in Billings, MT
Find lenders offering cmbs loans in the Billings, including Laurel, Lockwood, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
CMBS Lenders Serving Billings
13 lenders offering cmbs loans in the Billings, MT area.
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.
Billings Commercial Real Estate Market
Billings is Montana's largest city and the primary trade center for a vast region spanning eastern Montana, northern Wyoming, and western North and South Dakota. The commercial real estate market is driven by energy-sector services, healthcare, and agriculture-related businesses, with office demand concentrated along the North 27th Street corridor and in the downtown core along Broadway. The Heights neighborhood and West End along Grand Avenue and King Avenue West have seen the most new retail and hospitality construction. As the region's medical hub, Billings' two major hospital campuses generate steady demand for medical office buildings and associated clinical space.
Key Economic Drivers
- ●Billings Clinic and St. Vincent Healthcare (SCL Health) regional hospital campuses
- ●Energy-sector service companies supporting Bakken and Powder River Basin operations
- ●Regional trade hub for agriculture and ranching operations across a 500-mile radius
- ●Yellowstone County's role as Montana's most populous county driving residential-adjacent commercial growth
Market Insight
Montana has no state sales tax, giving Billings a retail draw advantage that attracts shoppers from surrounding states — particularly Wyoming — and supports higher retail sales per capita than would be expected for a city of its size.
CMBS Loans in Billings, Montana
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 the Billings metro area, borrowers can access 13 lenders offering CMBS financing, including Laurel, Lockwood, and surrounding areas. Loan amounts typically range from $2M to $500M with rates from 5.5% - 8%.
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
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+
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