Loan Product
CMBS Loans Nationwide | Commercial Mortgage-Backed Securities Financing
Fixed-rate, non-recourse commercial mortgage-backed securities (CMBS) financing for stabilized hotels, retail, office, multifamily, industrial, and self-storage properties.
Loan Size
$5M – $250M+
LTV
Up to 75%
Term
5 – 10 years
Rate Range
5.5% – 7.5%
Recourse
Non-recourse
Asset Type
Most CRE
CMBS loans — commercial mortgage-backed securities, also called conduit loans — are pooled, securitized commercial mortgages sold to bond investors. Rad Capital Group places CMBS debt with active conduit originators (investment banks, life companies, and B-piece buyers) on stabilized income-producing properties nationwide.
CMBS provides 5- to 10-year fixed-rate, non-recourse financing up to 75% LTV with 25- to 30-year amortization. Borrowers benefit from higher leverage than most balance-sheet bank programs, no personal guarantees (with bad-boy carve-outs), assumability, and the ability to size to a property's in-place cash flow rather than the sponsor's net worth.
Typical CMBS executions price between 5.5% and 7.5%, indexed to the 10-year Treasury plus a credit spread. We use a competitive process across multiple conduits to optimize spread, IO period, defeasance vs. yield maintenance, and reserve structures.
CMBS is best suited for stabilized hotels, anchored and unanchored retail, suburban and CBD office, multifamily, industrial/warehouse, and self-storage with a 1.25x+ DSCR and a credible operating history.
Frequently Asked Questions
What are the advantages of a CMBS loan?
CMBS offers higher leverage, longer fixed-rate terms, non-recourse structure, and assumability — making it ideal for borrowers who want to lock in long-term debt without personal guarantees.
What is defeasance on a CMBS loan?
Defeasance is the substitution of the property's collateral with Treasury securities that replicate the loan's cash flow. It's the standard prepayment mechanic on CMBS debt after a lockout period.
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Ready to explore cmbs loans?
Initial term sheets in as little as 2 weeks. Nationwide.