LMF Commercial CMBS loans: recent loans, sizes and rates

What LMF Commercial's CMBS lending looks like

• Smaller loans than the market: a median of $7.5M against $15M market-wide, which puts it among the lenders more likely to look at a loan under $10 million.
• Rates above the market once property type is accounted for: about 20 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.
• Every loan was interest-only for its full term, against 87% of loans market-wide.
• Concentrated in multifamily: 56% of its loans.
• Less active than a year earlier: 9 loans in the latest 12 months against 50 in the 12 months before.

LMF Commercial against the CMBS market

Measure	LMF Commercial	CMBS market
Median loan	$7.5M	$15M
Median note rate	6.55%	6.40%
Middle half of rates	6.33% to 6.70%
Median loan-to-value	65.9%	63.9%
Median debt service coverage	1.28x	1.47x
Median debt yield	8.6%	10.1%
Interest-only for the full term	100%	87%
Five-year term	89%	79%
Ten-year term	11%	21%

LMF Commercial: 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 LMF Commercial financed

Property type	Loans	Volume	Median rate	Market, same type
Multifamily	5	$64.3M	6.55%	6.35% (+20 bp)
Mixed use	2	$24.2M
Hotel	1	$8.8M
Industrial	1	$4.5M

Median rates shown where LMF Commercial 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 $4.3M, largest $40M. 100% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where LMF Commercial lends

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

• TX 2
• AL 1
• NJ 1
• NY 1
• AR 1
• NC 1
• FL 1
• CT 1

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

LMF Commercial loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	13
Apr 21, 2025	10
Jul 21, 2025	16
Oct 20, 2025	11
Jan 19, 2026	4
Apr 20, 2026	5
Jul 20, 2026	0
Oct 19, 2026	0

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 LMF Commercial appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on LMF Commercial loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 15 trusts hold these loans; the most were in Wells Fargo Commercial Mortgage Trust 2025-5C4 (12).

• LMF Commercial, LLC 31
• LMF 30

LMF Commercial's own website: lmfcommercial.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 LMF Commercial. Nothing here means LMF Commercial 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 LMF Commercial. Before you do, read CMBS loan requirements and the document checklist.

Similar CMBS lenders

Closest in property mix:

• Citi: 113 loans, median $21M at 6.39%
• Societe Generale: 21 loans, median $13.4M at 6.46%
• AxLender: 25 loans, median $9.6M at 6.51%
• Greystone: 24 loans, median $9.6M at 6.51%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are LMF Commercial's CMBS loans?

In the 12 months to October 19, 2026, LMF Commercial securitized loans from $4.3M to $40M, with a median of $7.5M. 67% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does LMF Commercial charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.55%, with the middle half between 6.33% and 6.70%. 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 LMF Commercial finance with CMBS loans?

Multifamily (5 loans), Mixed use (2 loans), Hotel (1 loan), Industrial (1 loan), in the 12 months to October 19, 2026. Its most frequent state was TX (2 loans).

Who services a LMF Commercial 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.