Argentic CMBS loans: recent loans, sizes and rates

What Argentic's CMBS lending looks like

• Loan size close to the market: a median of $13.9M against $15M market-wide.
• Rates above the market once property type is accounted for: about 19 basis points over the market median for the same property types, loan-weighted. Timing matters too: a lender that closed more loans when Treasury yields were lower will show lower rates.
• Geographically concentrated: 27% of its loans were on property in CA.
• Less active than a year earlier: 41 loans in the latest 12 months against 76 in the 12 months before.

Argentic against the CMBS market

Measure	Argentic	CMBS market
Median loan	$13.9M	$15M
Median note rate	6.72%	6.40%
Middle half of rates	6.44% to 6.95%
Median loan-to-value	63.3%	63.9%
Median debt service coverage	1.61x	1.47x
Median debt yield	11.4%	10.1%
Interest-only for the full term	78%	87%
Five-year term	76%	79%
Ten-year term	24%	21%

Argentic: its loans in the 12 months to October 19, 2026. Market: every loan securitized in the 12 months to October 19, 2026 except co-op housing (958 loans). Loan-to-value, coverage and debt yield are at securitization and use whole loans only, since a split note holds only part of the debt. See DSCR and debt yield.

Property types Argentic financed

Property type	Loans	Volume	Median rate	Market, same type
Multifamily	16	$329M	6.54%	6.35% (+19 bp)
Retail	7	$100M	6.84%	6.58% (+26 bp)
Hotel	5	$95.5M	7.01%	7.02% (-1 bp)
Mixed use	5	$90.2M	6.55%	6.42% (+13 bp)
Office	5	$139M	6.97%	6.64% (+33 bp)
Industrial	3	$135M

Median rates shown where Argentic made at least five loans of the type. Market medians are for the 12 months to October 19, 2026.

Loan sizes and terms

Smallest loan $3M, largest $102M. 78% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where Argentic lends

Most frequent states for its loans in the 12 months to October 19, 2026:

• CA 11
• NY 9
• TX 6
• FL 2
• WY 1
• CT 1
• MI 1
• PA 1
• KY 1
• IL 1

Portfolio loans count once, at the state of the largest property. CMBS loans by state.

Argentic loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	24
Apr 21, 2025	18
Jul 21, 2025	14
Oct 20, 2025	20
Jan 19, 2026	16
Apr 20, 2026	6
Jul 20, 2026	11
Oct 19, 2026	8

Eight 91-day periods ending October 19, 2026, by origination date. Loans reach the filings when their trust prices, so the latest quarter fills in over the following months.

How Argentic appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on Argentic loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 19 trusts hold these loans; the most were in Wells Fargo Commercial Mortgage Trust 2025-5C3 (12).

• Argentic Real Estate Finance 2 LLC 64
• AREF2 50
• Argentic Real Estate Finance 2 LLC, KeyBank National Association 4
• CREFI AREF2 3
• CREFI, AREF2 3
• AREF 2 1
• CREFI/AREF2 1
• AREF2, SMC 1

Argentic's own website: argentic.com. Lender programs, contacts and terms are theirs to state; this page reports only what the filings show.

Getting a CMBS loan like these

Janover Capital LLC is a commercial mortgage advisor, not a lender, and has no affiliation with Argentic. Nothing here means Argentic will make a particular loan or offer a particular rate. What the filings do show is the kind of loan it has been closing. If your property and loan size look like the ones above, send the deal and we will place it with conduit lenders whose recent loans fit, which may or may not include Argentic. Before you do, read CMBS loan requirements and the document checklist.

Similar CMBS lenders

Closest in property mix:

• Zions Bank: 13 loans, median $23M at 6.54%
• Citi: 113 loans, median $21M at 6.39%
• Benefit Street Partners (BSPRT): 12 loans, median $26.1M at 6.59%
• Societe Generale: 21 loans, median $13.4M at 6.46%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are Argentic's CMBS loans?

In the 12 months to October 19, 2026, Argentic securitized loans from $3M to $102M, with a median of $13.9M. 20% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does Argentic charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.72%, with the middle half between 6.44% and 6.95%. Those are rates at closing as filed with the SEC, not a quote: a new loan is priced off today's Treasury yield and the property.

What properties does Argentic finance with CMBS loans?

Multifamily (16 loans), Retail (7 loans), Hotel (5 loans), Mixed use (5 loans), and others, in the 12 months to October 19, 2026. Its most frequent state was CA (11 loans).

Who services a Argentic CMBS loan?

Not the originator, usually. Once a loan is in a trust, the master servicer named in that trust's pooling and servicing agreement collects payments and handles routine requests, and the special servicer takes over if the loan gets into trouble. Look up a loan by property or trust to see both.