Commercial Mortgage-Backed Securities (CMBS) Loans
At Estates of Elysium, we provide access to Commercial Mortgage-Backed Securities (CMBS) loans for investors and developers seeking fixed-rate, non-recourse financing for stabilized income-producing properties. Commonly referred to as "conduit loans," CMBS loans are pooled and sold to institutional investors, giving you indirect access to capital markets.
About CMBS Loans
CMBS loans are commercial real estate loans that are securitized and sold to investors on the secondary market. This structure allows for competitive interest rates, non-recourse protection, and the ability to assume the loan upon resale. They're typically used for stabilized, cash-flowing properties with strong tenancy.
Eligible Property Types: Multifamily, Office, Warehouse/Industrial, Mixed Use, Retail, Medical/Healthcare, Self Storage
Loan Amounts: Starting at $2 million
Interest Rates: Fixed for the life of the loan, priced over a swap rate
Loan Terms: 5, 7, or 10 years
Amortization: 25–30 years, with interest-only options available for up to 10 years
Max Loan-to-Value (LTV): 75%
Minimum DSCR: 1.20–1.25x
Minimum Debt Yield: 7–8%
Recourse: Non-recourse (with standard carve-outs)
Prepayment Structure: Lockout period of 2–3 years, followed by defeasance or yield maintenance
Reserves: Typically required for taxes, insurance, replacements, tenant improvements, and leasing commissions
CMBS Loan Highlights
Technology
Streamline your development strategy with data-driven financing
At Estates of Elysium, we leverage advanced technology and insights from thousands of real estate projects to deliver fast, accurate, and tailored pricing. Our systems are built to move at the speed of your vision—so you can secure funding, manage progress, and scale smarter.
Fast Closings
With a streamlined process and underwriting built around real-world performance metrics, you can move forward with confidence and close without unnecessary delays.
Tech-Driven Insights
Modern lending platform that uses market data, property analytics, and rental performance to deliver customized loan terms—not cookie-cutter quotes.
Digital Integration
From application to closing, everything happens online. Upload documents, track your loan status, and get real-time updates without the back-and-forth.
Financing That Fits
Our approach combines speed with accuracy, providing flexible capital solutions designed to keep your commercial development on schedule and competitive.
Why Choose a CMBS Loan Through Estates of Elysium?
Fixed-Rate Stability: Protects against interest rate volatility
Non-Recourse: Limits personal financial exposure
Assumability: Adds value and flexibility at resale
Scalable: Ideal for high-value properties and portfolio refinancing
Frequently Asked Questions
Answers to Your CMBS Loan Questions
Q. Are CMBS loans still a viable option in 2025 given higher interest rates?
A. Yes. While interest rates have generally risen across the board, CMBS loans remain competitive due to their fixed-rate structure, longer terms, and non-recourse nature. For stabilized properties with consistent cash flow, they continue to offer attractive financing compared to floating-rate bridge loans or recourse bank debt.
Q. What types of properties are getting approved for CMBS loans in 2025?
A. The most common approvals are for well-leased multifamily, industrial, and essential retail properties (e.g., grocery-anchored centers). Office properties are still financeable, but lenders are much more conservative—requiring higher DSCRs, strong tenancy, and long-term leases.
Q. Can I still get interest-only periods with CMBS loans?
A. Yes, but it's deal-dependent. In 2025, lenders are more selective with interest-only terms. Strong sponsors and low leverage deals may qualify for up to 5–10 years of interest-only payments, especially on core assets in major metros.
Q. What’s the difference between defeasance and yield maintenance?
A. Both are forms of prepayment penalties. Yield maintenance charges the borrower the present value of remaining interest, while defeasance replaces the loan’s cash flow with Treasury securities. In 2025, most CMBS loans still require defeasance after a 2–3 year lockout.
Q. Can I use a CMBS loan to finance a value-add or transitional property?
A. Not typically. CMBS lenders prefer stabilized properties with predictable cash flow. For transitional assets, borrowers usually start with bridge loans and refinance into CMBS once the property is stabilized.
Reviews
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“Working with Estates of Elysium was seamless from start to finish. Their team not only understood my investment goals but also connected me with the right lender and helped me close faster than I expected. I felt supported every step of the way.”
— J. Martinez, Houston, TX
Resources
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Why Industrial Real Estate Still Outperforms in a High-Rate Market
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Multifamily Resilience: What Class A vs. Class B Trends Tell Us in 2025
Rising borrowing costs have pushed more renters into Class B and value-add multifamily units, while luxury developments face higher vacancy risks. Smart investors are targeting stabilized workforce housing in high-demand metros for long-term upside.
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Office Space Is Evolving, Not Dying—Here's Where the Opportunities Are
Hybrid work models and flexible layouts are redefining demand, especially in suburban Class B/C conversions and medical office buildings. While traditional core office struggles, niche opportunities are emerging in specialized and adaptive reuse plays.
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