Deutsche Bank CMBS loans: recent loans, sizes and rates

What Deutsche Bank's CMBS lending looks like

• Smaller loans than the market: a median of $10.5M against $15M market-wide, which puts it among the lenders more likely to look at a loan under $10 million.
• 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 1 basis points of the market median for the same type, on a loan-weighted basis.

Deutsche Bank against the CMBS market

Measure	Deutsche Bank	CMBS market
Median loan	$10.5M	$15M
Median note rate	6.45%	6.40%
Middle half of rates	6.07% to 6.80%
Median loan-to-value	62.3%	63.9%
Median debt service coverage	1.45x	1.47x
Median debt yield	9.8%	10.1%
Interest-only for the full term	84%	87%
Five-year term	78%	79%
Ten-year term	22%	21%

Deutsche Bank: 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 Deutsche Bank financed

Property type	Loans	Volume	Median rate	Market, same type
Multifamily	26	$340M	6.42%	6.35% (+7 bp)
Mobile home park	16	$123M	6.46%	6.41% (+5 bp)
Self-storage	15	$173M	5.87%	6.11% (-24 bp)
Office	9	$460M	6.64%	6.64% (0 bp)
Hotel	8	$895M	7.25%	7.02% (+23 bp)
Mixed use	8	$501M	6.04%	6.42% (-38 bp)
Retail	5	$356M	6.80%	6.58% (+22 bp)
Industrial	4	$50.8M

Median rates shown where Deutsche Bank 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 $2.2M, largest $552M. 84% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where Deutsche Bank lends

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

• CA 19
• NY 13
• FL 8
• WA 5
• OR 4
• TX 4
• GA 3
• NV 3
• NC 3
• NJ 2

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

Deutsche Bank loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	29
Apr 21, 2025	21
Jul 21, 2025	24
Oct 20, 2025	36
Jan 19, 2026	37
Apr 20, 2026	24
Jul 20, 2026	16
Oct 19, 2026	14

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 Deutsche Bank appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on Deutsche Bank loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 41 trusts hold these loans; the most were in AXDB 2026-MULT1 Mortgage Trust (13).

• German American Capital Corporation 140
• DBR Investments Co. Limited 59
• GACC 21
• German American Capital Corporation, Goldman Sachs Bank USA 5
• GACC, GSBI, BMO, JPMCB, MSBNA 5
• GACC/GSMC/BMO 5
• Deutsche Bank AG, acting through its New York Branch 4
• DBRI 3
• DBR Investments Co. Limited, Societe Generale Financial Corporation 3
• German American Capital Corporation, Bank of Montreal 2
• DBR Investments Co. Limited, UBS AG 2
• GSBI, CREFI, GACC 2
• GACC, GSBI 2
• German American Capital Corporation, Goldman Sachs Bank USA, Bank of Montreal 2

Plus 12 other spellings and joint-originator combinations.

Deutsche Bank's own website: db.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 Deutsche Bank. Nothing here means Deutsche Bank 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 Deutsche Bank. 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%
• Morgan Stanley: 97 loans, median $15.3M at 6.40%
• Bank of America: 90 loans, median $14M at 6.38%
• KeyBank: 25 loans, median $7.4M at 6.44%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are Deutsche Bank's CMBS loans?

In the 12 months to October 19, 2026, Deutsche Bank securitized loans from $2.2M to $552M, with a median of $10.5M. 45% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does Deutsche Bank charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.45%, with the middle half between 6.07% and 6.80%. 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 Deutsche Bank finance with CMBS loans?

Multifamily (26 loans), Mobile home park (16 loans), Self-storage (15 loans), Office (9 loans), and others, in the 12 months to October 19, 2026. Its most frequent state was CA (19 loans).

Who services a Deutsche Bank 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.