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.

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