CMBS Loans in Long Island, NY
Find lenders offering cmbs loans in the Long Island, including Hempstead, Huntington, Islip, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
CMBS Lenders Serving Long Island
13 lenders offering cmbs loans in the Long Island, NY area.
Arbor Realty Trust
LocalUniondale, NY
Major CRE lender and REIT. Bridge, permanent, and agency financing. Specializes in multifamily and commercial properties.
Barclays
LocalNew York, NY
Active CMBS conduit originator. Commercial mortgage-backed securities for large CRE deals.
Citigroup
LocalNew York, NY
Major CMBS conduit originator. Commercial mortgage lending for institutional-quality properties.
Deutsche Bank
LocalNew York, NY
Major CMBS originator. Large-scale commercial real estate debt and securitization.
Goldman Sachs
LocalNew York, NY
Major CMBS conduit originator. Large-scale commercial mortgage financing and mezzanine debt.
JPMorgan Chase
LocalNew York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
Morgan Stanley
LocalNew York, NY
Top CMBS originator. Large commercial real estate lending and securitization.
Newmark
LocalNew York, NY
Major CRE advisory firm offering debt and structured finance, investment sales, and capital markets services.
CBRE Capital Markets
Dallas, TX
Global CRE services and capital markets. Arranges debt and equity for all commercial property types.
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.
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.
Long Island Commercial Real Estate Market
Long Island's CRE market spans Nassau and Suffolk Counties, serving a suburban population of nearly 2.9 million with distinct commercial corridors along the Long Island Expressway (I-495), the Northern State Parkway, and Route 110 in Melville. The Route 110 corridor in Melville-Huntington is the island's premier office submarket, housing tenants in financial services, insurance, and technology, though the market has seen increasing vacancy as firms consolidate space. Industrial demand has strengthened significantly, with last-mile distribution facilities in high demand across both counties to serve the dense consumer base. The redevelopment of the Nassau Hub area around the former Nassau Coliseum site in Uniondale represents one of the largest mixed-use opportunities in the New York metro area.
Key Economic Drivers
- ●Route 110 corridor office cluster in Melville serving financial services, insurance, and technology tenants
- ●Last-mile logistics demand driven by e-commerce serving Long Island's 2.9 million suburban consumers
- ●Northwell Health, Long Island's largest private employer, generating medical office and ambulatory care facility demand
- ●Nassau Hub redevelopment at the former Coliseum site creating a potential mixed-use destination
Market Insight
Long Island's Industrial Development Agencies (IDAs) in both Nassau and Suffolk Counties offer PILOT agreements that can reduce property tax burdens by 50% or more for qualifying commercial projects, making them a critical underwriting consideration for CRE investors on the island.
CMBS Loans in Long Island, New York
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 Long Island metro area, borrowers can access 13 lenders offering CMBS financing, including Hempstead, Huntington, Islip, 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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