CMBS Loans in New York City, NY
Find lenders offering cmbs loans in the New York City, including Brooklyn, Manhattan, Queens, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
CMBS Lenders Serving New York City
13 lenders offering cmbs loans in the New York City, 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.
New York City Commercial Real Estate Market
New York City is the largest and most liquid commercial real estate market in the Western Hemisphere, with Manhattan alone containing approximately 450 million square feet of office space across distinct submarkets including Midtown, Midtown South, and Lower Manhattan. The Hudson Yards development on Manhattan's far west side represents the largest private real estate development in U.S. history and has reshaped the Midtown West office landscape, while the Brooklyn waterfront in DUMBO and Williamsburg has matured into a legitimate alternative office market for technology and creative firms. The outer boroughs, particularly industrial zones in the Bronx, Queens, and Brooklyn, have seen intense competition for last-mile logistics space driven by e-commerce growth. The city's post-pandemic office market has experienced a bifurcation between trophy-class towers with strong occupancy and older Class B and C buildings facing elevated vacancy and conversion pressure.
Key Economic Drivers
- ●Global financial services firms including JPMorgan Chase, Goldman Sachs, and Citigroup anchoring Midtown office demand
- ●Technology sector expansion from Google, Amazon, and Meta across Manhattan and Brooklyn submarkets
- ●Hudson Yards, Manhattan West, and One Vanderbilt representing generational trophy office development
- ●Last-mile logistics demand from e-commerce driving industrial absorption in outer-borough markets
Market Insight
New York City's office-to-residential conversion program, expanded under recent zoning text amendments, has identified over 130 million square feet of office space eligible for conversion, creating a significant adaptive reuse pipeline that could reshape older commercial corridors in Midtown and the Financial District.
CMBS Loans in New York City, 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 New York City metro area, borrowers can access 13 lenders offering CMBS financing, including Brooklyn, Manhattan, Queens, 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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