CMBS lender · #15 of 28 by 12-month volume
MF1 Capital CMBS loans: recent loans, sizes and rates
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
MF1 Capital put 14 loans totaling $643.4 million into CMBS trusts in the 12 months to October 19, 2026, #15 by volume among 28 lenders. The median loan was $42.1M at a 5.71% note rate, and multifamily was its largest property type (93% of loans). Figures are from SEC ABS-EE filings through October 28, 2026.
- Loans, 12 months
- 14
- Volume
- $643M
- Median loan
- $42.1M
- Median note rate
- 5.71%
- Median LTV
- 69.6%
- Median DSCR
- 1.37x
What MF1 Capital's CMBS lending looks like
- Larger loans than the market: a median of $42.1M against $15M for every CMBS loan in the 12 months to October 19, 2026.
- Rates below the market once property type is accounted for: about 64 basis points under 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.
- More leverage than the market: median loan-to-value of 69.6% against 63.9%, with a median debt service coverage of 1.37x.
- Every loan was interest-only for its full term, against 87% of loans market-wide.
- Almost entirely five-year loans (100%), against 79% market-wide.
- A one-property-type lender in CMBS: 93% of its loans were multifamily.
MF1 Capital against the CMBS market
| Measure | MF1 Capital | CMBS market |
|---|---|---|
| Median loan | $42.1M | $15M |
| Median note rate | 5.71% | 6.40% |
| Middle half of rates | 5.62% to 5.86% | |
| Median loan-to-value | 69.6% | 63.9% |
| Median debt service coverage | 1.37x | 1.47x |
| Median debt yield | 8.1% | 10.1% |
| Interest-only for the full term | 100% | 87% |
| Five-year term | 100% | 79% |
| Ten-year term | 0% | 21% |
MF1 Capital: 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 MF1 Capital financed
| Property type | Loans | Volume | Median rate | Market, same type |
|---|---|---|---|---|
| Multifamily | 13 | $583M | 5.71% | 6.35% (-64 bp) |
| Mobile home park | 1 | $60M |
Median rates shown where MF1 Capital 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 | 0 | 0% | 8% |
| $5M to $10M | 0 | 0% | 22% |
| $10M to $25M | 0 | 0% | 38% |
| $25M to $50M | 9 | 64% | 17% |
| $50M and up | 5 | 36% | 15% |
| Term | Loans | Share |
|---|---|---|
| 5-year | 14 | 100% |
| 7-year | 0 | 0% |
| 10-year | 0 | 0% |
| Other terms | 0 | 0% |
Smallest loan $27M, largest $71M. 100% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.
Where MF1 Capital lends
Most frequent states for its loans in the 12 months to October 19, 2026:
- NY 2
- NJ 2
- LA 2
- NC 1
- IL 1
- CA 1
- PA 1
- DE 1
- FL 1
- GA 1
Portfolio loans count once, at the state of the largest property. CMBS loans by state.
MF1 Capital loans securitized each quarter
| Quarter ending | Loans | Chart |
|---|---|---|
| Jan 20, 2025 | 0 | |
| Apr 21, 2025 | 1 | |
| Jul 21, 2025 | 1 | |
| Oct 20, 2025 | 1 | |
| Jan 19, 2026 | 9 | |
| Apr 20, 2026 | 3 | |
| Jul 20, 2026 | 2 | |
| 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.
Recent MF1 Capital 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 | Location | Type | Amount | Closed | Rate | Term | Trust |
|---|---|---|---|---|---|---|---|
| The Beverly | San Bernardino, CA | Multifamily | $59.4M | May 12, 2026 | 5.87% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| The Highland | Orange, NJ | Multifamily | $43M | May 6, 2026 | 6.00% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Meadowcreek | Melrose Park, IL | Mobile home park | $60M | Mar 31, 2026 | 5.98% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Coventry Green Apartments | Clarence, NY | Multifamily | $36.3M | Mar 31, 2026 | 5.70% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Wessex House | Wayne, PA | Multifamily | $57.5M | Mar 4, 2026 | 5.72% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Crosby Hill Apartments | Wilmington, DE | Multifamily | $45M | Jan 2, 2026 | 5.49% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Addison Ridge Phases I & III | Fayetteville, NC | Multifamily | $67M | Dec 31, 2025 | 5.60% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Princeton Gardens | Princeton, NJ | Multifamily | $41.3M | Dec 17, 2025 | 5.71% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| The Lightwell | Brooklyn, NY | Multifamily | $71M | Dec 15, 2025 | 5.33% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Ibex Park | Smyrna, GA | Multifamily | $32.5M | Dec 5, 2025 | 5.82% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| The Boulevard at Tallahassee | Tallahassee, FL | Multifamily | $37M | Nov 21, 2025 | 5.80% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Pillars at Great Bridge | Chesapeake, VA | Multifamily | $27M | Nov 12, 2025 | 5.57% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| Sherwood Acres | Baton Rouge, LA | Multifamily | $33.5M | Oct 30, 2025 | 5.95% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| St. Germaine | Harvey, LA | Multifamily | $33M | Oct 22, 2025 | 5.70% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
| The Exchange on Franklin | Manalapan, NJ | Multifamily | $40M | Sep 2, 2025 | 5.74% | 5 yr | JPMF1 Multifamily Mortgage Trust 2026-FX1 |
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 MF1 Capital appears in the SEC filings
Trusts name the originator in their own words. These are the versions of the name on MF1 Capital loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 1 trust hold these loans; the most were in JPMF1 Multifamily Mortgage Trust 2026-FX1 (17).
MF1 Capital LLC17
MF1 Capital's own website: mf1.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 MF1 Capital. Nothing here means MF1 Capital 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 MF1 Capital. Before you do, read CMBS loan requirements and the document checklist.
Similar CMBS lenders
Closest in property mix:
- AxLender: 25 loans, median $9.6M at 6.51%
- Greystone: 24 loans, median $9.6M at 6.51%
- Natixis: 34 loans, median $17.9M at 6.29%
- Societe Generale: 21 loans, median $13.4M at 6.46%
All CMBS lenders, ranked · CMBS loan rates · Methodology
Questions people ask
How big are MF1 Capital's CMBS loans?
In the 12 months to October 19, 2026, MF1 Capital securitized loans from $27M to $71M, with a median of $42.1M. 0% were under $10 million. A loan split into notes across trusts counts once, at its full amount.
What interest rate does MF1 Capital charge on a CMBS loan?
Its loans in the 12 months to October 19, 2026 carried a median note rate of 5.71%, with the middle half between 5.62% and 5.86%. 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 MF1 Capital finance with CMBS loans?
Multifamily (13 loans), Mobile home park (1 loan), in the 12 months to October 19, 2026. Its most frequent state was NY (2 loans).
Who services a MF1 Capital 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 MF1 Capital'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.