Tap to get financing
CMBS Loans
Property types
Mobile Home Park CMBS LoansHospital CMBS LoansIndustrial CMBS LoansHotel CMBS LoansRetail CMBS LoansSelf-Storage CMBS LoansMixed-Use CMBS LoansOffice CMBS LoansApartment CMBS LoansCMBS Property Types
Loan basics Loan terms
About
TeamLeadership
Loan docs Blog CMBS Alternatives
Get financing
Was This Article Helpful?
Newly Published
Jun 14 at CMBS Loans
Pooling and Servicing Agreements: What CMBS Borrowers Need to Know
Jun 14 at CMBS Loans
CMBS Servicing: What Borrowers Need to Know
Jun 14 at CMBS Loans
CMBS and REITs: What Commercial Borrowers Should Know
Explore the Janover Network
Jan 27 at Multifamily Loans
4 Steps to Increase Your Apartment Building's Occupancy
Jan 26 at Commercial Real Estate Loans
How Does ChatGPT Work With Commercial Real Estate?
Jan 25 at Commercial Real Estate Loans
Capital Gains Taxes in Commercial Real Estate
Last updated on Dec 20, 2022
2 min read

CMBS and Conduit Loan Terms

CMBS loans typically offer fixed-rate terms between 5 - 10 years, with amortizations between 25 - 30 years. At the term's end, a balloon payment is usually paid, or the loan is refinanced.

Apply for a loan in minutes and get multiple quotes today → Get Quotes

In this article:
  1. Current Terms
  2. CMBS Loans Explained
  3. CMBS Loan Terms and Property Types
  4. Get Financing

Current Terms

CMBS Loans Explained

CMBS loans are a type of commercial real estate financing that is provided by lenders, pooled into groups of other loans in a process known as securitization, and sold on the secondary market to investors. CMBS loans, which are also known as conduit loans, can provide borrowers with low-interest, high-leverage financing without incredibly high credit or net worth requirements.

CMBS Loan Terms and Property Types

At CMBS.Loans, we have nearly two decades of expertise in arranging CMBS and conduit financing for a variety of property types, including apartments, office buildings, mixed-use buildings, mobile home parks, self-storage facilities, industrial properties, and much, much more. While CMBS loan terms can vary significantly according factors to including property type, property quality and condition, property location, and tenant quality, we’ve provided a list of standard conduit loan terms that represent a good snapshot of what you, the borrower, can expect from a CMBS loan.

Standard CMBS loan terms for income-producing commercial properties typically include:

  • Loan Size: $2 million minimum, no maximum

  • Loan Terms: 5-10 year fixed-rate terms with amortizations of 25-30 years

  • Eligible Properties: Varies by property type

  • Leverage:

    • Most properties: 75% maximum LTV/1.20-1.35x DSCR

    • Hotels: 70-75% maximum LTV/1.40-1.50x DSCR

    • Self-storage: 80% maximum LTV/1.25-1.35x DSCR

  • Pricing: Typically based on LTV and DSCR, rate buydowns are sometimes available

  • Assumability: CMBS loans are typically fully assumable, though a fee may apply

  • Prepayment Penalties: Defeasance or yield maintenance

  • Recourse: Typically non-recourse with standard bad-boy carveouts

  • Appraisals: Required, to be paid for by the borrower

In this article:
  1. Current Terms
  2. CMBS Loans Explained
  3. CMBS Loan Terms and Property Types
  4. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →
Janover logo

CMBS Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Multifamily Today, Commercial Real Estate Loans, SBA7a Loans, CMBS Loans, Apartment Loans, HUD Loans, HUD 221d4 Loan, HUD 232 Loan, HUD 223f Loan, HUD 223a7 Loan, SBA Express Loans, SBA 504 Loans, and OpportunityZones Help.

Janover Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487

hello@cmbs.loans

Property types

Mobile Home Park CMBS Loans
Hospital CMBS Loans
Industrial CMBS Loans
Hotel CMBS Loans
Retail CMBS Loans
Commercial mortgage calculator

Self-Storage CMBS Loans
Mixed-Use CMBS Loans
Office CMBS Loans
Apartment CMBS Loans
CMBS Property Types

Site Information

Privacy Policy
Terms of Use

This website is owned by a private company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

Copyright © 2022 Janover Inc. All rights reserved.