CMBS Loans
Non-recourse, fixed-rate commercial financing through the conduit/CMBS market — ideal for stabilized commercial assets.
Overview
CMBS (Commercial Mortgage-Backed Securities) loans are originated by lenders, then pooled and securitized in the bond market. This structure allows for non-recourse lending, competitive fixed rates, and higher leverage than traditional portfolio loans. CMBS financing works best for stabilized, income-producing commercial properties with strong cash flow.
Who Is This For?
- Investors seeking non-recourse commercial financing
- Owners of stabilized office, retail, multifamily, or industrial
- Borrowers who want higher leverage (up to 75% LTV)
- Foreign nationals or entity borrowers who need non-recourse terms
The Buying Process
What to expect from pre-approval to closing.
Property Qualification
Stabilized NOI, occupancy, and property condition are key factors.
Term Sheet
We source competitive CMBS term sheets from conduit lenders.
Underwriting
Detailed underwriting including appraisal, environmental, and DSCR analysis.
Close
Typically 60–90 day process from application to closing.
Frequently Asked Questions
Non-recourse means the lender cannot pursue the borrower's personal assets if the loan defaults — only the property secures the loan. Exceptions exist for fraud and environmental issues (carve-out guaranty).