Benefit Street Partners (BSPRT) CMBS loans: recent loans, sizes and rates

What Benefit Street Partners (BSPRT)'s CMBS lending looks like

• Larger loans than the market: a median of $26.1M against $15M for every CMBS loan in the 12 months to October 19, 2026.
• Rates above the market once property type is accounted for: about 9 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.
• Concentrated in multifamily: 50% of its loans.
• Less active than a year earlier: 12 loans in the latest 12 months against 16 in the 12 months before.

Benefit Street Partners (BSPRT) against the CMBS market

Measure	Benefit Street Partners (BSPRT)	CMBS market
Median loan	$26.1M	$15M
Median note rate	6.59%	6.40%
Middle half of rates	6.41% to 7.05%
Median loan-to-value	63.4%	63.9%
Median debt service coverage	1.41x	1.47x
Median debt yield	11.9%	10.1%
Interest-only for the full term	92%	87%
Five-year term	92%	79%
Ten-year term	8%	21%

Benefit Street Partners (BSPRT): 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 Benefit Street Partners (BSPRT) financed

Property type	Loans	Volume	Median rate	Market, same type
Multifamily	6	$190M	6.44%	6.35% (+9 bp)
Retail	2	$42M
Hotel	2	$50.5M
Office	1	$97M
Industrial	1	$24.5M

Median rates shown where Benefit Street Partners (BSPRT) 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 $4.5M, largest $97M. 92% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where Benefit Street Partners (BSPRT) lends

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

• NY 2
• TX 2
• FL 2
• OH 2
• CA 1
• MI 1
• MD 1
• PA 1

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

Benefit Street Partners (BSPRT) loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	4
Apr 21, 2025	2
Jul 21, 2025	3
Oct 20, 2025	7
Jan 19, 2026	2
Apr 20, 2026	6
Jul 20, 2026	2
Oct 19, 2026	2

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 Benefit Street Partners (BSPRT) appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on Benefit Street Partners (BSPRT) loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 16 trusts hold these loans; the most were in BBCMS Mortgage Trust 2026-5C41 (4).

• BSPRT CMBS Finance, LLC 24
• BSPRT 11
• BSPRT, Rialto 3

Getting a CMBS loan like these

Janover Capital LLC is a commercial mortgage advisor, not a lender, and has no affiliation with Benefit Street Partners (BSPRT). Nothing here means Benefit Street Partners (BSPRT) 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 Benefit Street Partners (BSPRT). 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%
• Argentic: 41 loans, median $13.9M at 6.72%
• Societe Generale: 21 loans, median $13.4M at 6.46%
• Natixis: 34 loans, median $17.9M at 6.29%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are Benefit Street Partners (BSPRT)'s CMBS loans?

In the 12 months to October 19, 2026, Benefit Street Partners (BSPRT) securitized loans from $4.5M to $97M, with a median of $26.1M. 17% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does Benefit Street Partners (BSPRT) charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.59%, with the middle half between 6.41% and 7.05%. 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 Benefit Street Partners (BSPRT) finance with CMBS loans?

Multifamily (6 loans), Retail (2 loans), Hotel (2 loans), Office (1 loan), and others, in the 12 months to October 19, 2026. Its most frequent state was NY (2 loans).

Who services a Benefit Street Partners (BSPRT) 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.