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CMBS and Conduit Loans

CMBS and conduit loans offer fixed-rate, non-recourse financing backed by stabilized commercial real estate. These loans are securitized through Wall Street conduits, providing access to institutional capital for qualifying assets across a wide range of property types.

Our team works with borrowers to navigate the complex securitization process, from initial structuring to closing. We help ensure compliance with rating agency standards, investor guidelines, and servicing restrictions, so your financing moves forward with clarity and efficiency.

Our Services

We support you through the preparation of key documents, pre-screening of property cash flow and tenancy, and engagement with buyers when necessary. Our experience in conduit underwriting standards helps eliminate deal friction and improve certainty of execution.

Typical CMBS Loan Requirements

  • Full-year income and expense history for the property
  • Rent roll with tenant details and lease expirations
  • Third-party reports including appraisal, Phase I, and engineering
  • Borrower organizational documents and sponsor experience summary
  • Minimum DSCR and LTV thresholds depending on asset type and market
  • We can help you lock in rates over long term durations while eliminating personal recourse. CMBS options work well for stabilized properties with solid tenants and predictable income.

  • We can package multiple stabilized assets into a pooled CMBS execution, optimizing proceeds and reducing your total blended cost of capital.

  • We can package multiple stabilized assets into a pooled CMBS execution, optimizing proceeds and reducing your total blended cost of capital.