CMBS lender · #6 of 28 by 12-month volume
Bank of America CMBS loans: recent loans, sizes and rates
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
Bank of America put 90 loans totaling $2.62 billion into CMBS trusts in the 12 months to October 19, 2026, #6 by volume among 28 lenders. The median loan was $14M at a 6.38% note rate, and self-storage was its largest property type (21% of loans). Figures are from SEC ABS-EE filings through October 28, 2026.
- Loans, 12 months
- 90
- Volume
- $2.62B
- Median loan
- $14M
- Median note rate
- 6.38%
- Median LTV
- 62.9%
- Median DSCR
- 1.55x
What Bank of America's CMBS lending looks like
- Loan size close to the market: a median of $14M against $15M market-wide.
- Rates in line with the market once property type is accounted for: across the 7 types where it made at least five loans, its median note rate was within 4 basis points of the market median for the same type, on a loan-weighted basis.
Bank of America against the CMBS market
| Measure | Bank of America | CMBS market |
|---|---|---|
| Median loan | $14M | $15M |
| Median note rate | 6.38% | 6.40% |
| Middle half of rates | 6.06% to 6.69% | |
| Median loan-to-value | 62.9% | 63.9% |
| Median debt service coverage | 1.55x | 1.47x |
| Median debt yield | 10.4% | 10.1% |
| Interest-only for the full term | 87% | 87% |
| Five-year term | 72% | 79% |
| Ten-year term | 28% | 21% |
Bank of America: 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 Bank of America financed
| Property type | Loans | Volume | Median rate | Market, same type |
|---|---|---|---|---|
| Self-storage | 19 | $329M | 6.17% | 6.11% (+6 bp) |
| Multifamily | 19 | $561M | 6.46% | 6.35% (+11 bp) |
| Hotel | 14 | $385M | 6.97% | 7.02% (-5 bp) |
| Retail | 10 | $361M | 6.36% | 6.58% (-22 bp) |
| Mobile home park | 10 | $141M | 6.15% | 6.41% (-26 bp) |
| Industrial | 7 | $476M | 6.70% | 6.63% (+7 bp) |
| Office | 5 | $210M | 6.38% | 6.64% (-26 bp) |
| Mixed use | 4 | $82.7M | ||
| Other or not reported | 1 | $32.7M | ||
| Co-op housing | 1 | $42M |
Median rates shown where Bank of America made at least five loans of the type. Market medians are for the 12 months to October 19, 2026.
Loan sizes and terms
| Loan size | Loans | Share | Market |
|---|---|---|---|
| Under $5M | 9 | 10% | 8% |
| $5M to $10M | 24 | 27% | 22% |
| $10M to $25M | 25 | 28% | 38% |
| $25M to $50M | 19 | 21% | 17% |
| $50M and up | 13 | 14% | 15% |
| Term | Loans | Share |
|---|---|---|
| 5-year | 65 | 72% |
| 7-year | 0 | 0% |
| 10-year | 25 | 28% |
| Other terms | 0 | 0% |
Smallest loan $2.9M, largest $405M. 87% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.
Where Bank of America lends
Most frequent states for its loans in the 12 months to October 19, 2026:
- CA 17
- TX 7
- PA 7
- VA 6
- OH 6
- AZ 5
- IL 5
- FL 4
- KS 4
- MS 3
Portfolio loans count once, at the state of the largest property. CMBS loans by state.
Bank of America loans securitized each quarter
| Quarter ending | Loans | Chart |
|---|---|---|
| Jan 20, 2025 | 20 | |
| Apr 21, 2025 | 15 | |
| Jul 21, 2025 | 17 | |
| Oct 20, 2025 | 23 | |
| Jan 19, 2026 | 32 | |
| Apr 20, 2026 | 21 | |
| Jul 20, 2026 | 28 | |
| Oct 19, 2026 | 9 |
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.
Recent Bank of America CMBS loans
The 15 most recent loans in the filings, each at its full original amount. A split loan lists the trust holding its largest note.
Property links go to the loan's page on cmbs.news (balance, payment status, servicer comments); trust links to the trust's page there.
How Bank of America appears in the SEC filings
Trusts name the originator in their own words. These are the versions of the name on Bank of America loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 27 trusts hold these loans; the most were in BANK5 2026-5YR23 (14).
BANA89Bank of America, National Association76Bank of America, N.A.15WFB, BANA, MSBNA4Bank of America, National Association, Morgan Stanley Bank, N.A., JPMorgan Chase Bank, National Association3Morgan Stanley Mortgage Capital Holdings LLC/Bank of America, National Association2MSMCH/BANA2Bank of America, National Association/Morgan Stanley Bank, N.A./JPMorgan Chase Bank, National Association1JPMorgan Chase Bank, National Association, Bank of America, National Association, Wells Fargo Bank, National Association1WFB/MSBNA/BANA1Bank of America, N.A., JPMorgan Chase Bank, National Association1Bank of America, National Association/Morgan Stanley Bank, N.A.1
Bank of America's own website: bankofamerica.com. Bank 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 Bank of America. Nothing here means Bank of America 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 Bank of America. Before you do, read CMBS loan requirements and the document checklist.
Similar CMBS lenders
Closest in property mix:
- Barclays: 90 loans, median $14.7M at 6.48%
- Deutsche Bank: 91 loans, median $10.5M at 6.45%
- Morgan Stanley: 97 loans, median $15.3M at 6.40%
- Wells Fargo: 88 loans, median $19.4M at 6.46%
All CMBS lenders, ranked · CMBS loan rates · Methodology
Questions people ask
How big are Bank of America's CMBS loans?
In the 12 months to October 19, 2026, Bank of America securitized loans from $2.9M to $405M, with a median of $14M. 37% were under $10 million. A loan split into notes across trusts counts once, at its full amount.
What interest rate does Bank of America charge on a CMBS loan?
Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.38%, with the middle half between 6.06% and 6.69%. 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 Bank of America finance with CMBS loans?
Self-storage (19 loans), Multifamily (19 loans), Hotel (14 loans), Retail (10 loans), and others, in the 12 months to October 19, 2026. Its most frequent state was CA (17 loans).
Who services a Bank of America 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.
Have a deal that looks like Bank of America's recent loans?
Janover Capital LLC is an advisor, not a lender, and is not affiliated with any lender named here. Send the deal and we place it with conduit lenders whose recent loans look like it.