National Cooperative Bank CMBS loans: recent loans, sizes and rates

What National Cooperative Bank's CMBS lending looks like

• Smaller loans than the market: a median of $3.4M 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 type where it made at least five loans, its median note rate was within 2 basis points of the market median for the same type, on a loan-weighted basis.
• Very low leverage on paper (median loan-to-value 10%, debt service coverage 6.93x): these are mostly co-op housing loans, which the filings show as small next to the value reported for each building.
• More amortization than most: 25% of its loans were interest-only for the full term, against 87% market-wide.
• More 10-year loans than the market: 100% of its loans had a ten-year term, against 21% of all CMBS loans in the period.
• A one-property-type lender in CMBS: 100% of its loans were co-op housing.
• Geographically concentrated: 99% of its loans were on property in NY.

National Cooperative Bank against the CMBS market

Measure	National Cooperative Bank	CMBS market
Median loan	$3.4M	$15M
Median note rate	6.02%	6.40%
Middle half of rates	5.91% to 6.18%
Median loan-to-value	10.4%	63.9%
Median debt service coverage	6.93x	1.47x
Median debt yield	52.9%	10.1%
Interest-only for the full term	25%	87%
Five-year term	0%	79%
Ten-year term	100%	21%

National Cooperative 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 National Cooperative Bank financed

Property type	Loans	Volume	Median rate	Market, same type
Co-op housing	84	$284M	6.02%	6.00% (+2 bp)

Median rates shown where National Cooperative 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 $1M, largest $8.5M. 25% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where National Cooperative Bank lends

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

• NY 83
• GA 1

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

National Cooperative Bank loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	17
Apr 21, 2025	20
Jul 21, 2025	20
Oct 20, 2025	28
Jan 19, 2026	35
Apr 20, 2026	31
Jul 20, 2026	17
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 National Cooperative Bank appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on National Cooperative 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. 6 trusts hold these loans; the most were in BANK 2025-BNK51 (40).

• NATIONAL COOPERATIVE BANK N.A. 169

National Cooperative Bank's own website: ncb.coop. 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 National Cooperative Bank. Nothing here means National Cooperative 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 National Cooperative Bank. Before you do, read CMBS loan requirements and the document checklist.

Similar CMBS lenders

Closest in property mix:

• Morgan Stanley: 97 loans, median $15.3M at 6.40%
• Bank of America: 90 loans, median $14M at 6.38%
• Citi: 113 loans, median $21M at 6.39%
• Wells Fargo: 88 loans, median $19.4M at 6.46%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are National Cooperative Bank's CMBS loans?

In the 12 months to October 19, 2026, National Cooperative Bank securitized loans from $1M to $8.5M, with a median of $3.4M. 100% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does National Cooperative Bank charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.02%, with the middle half between 5.91% and 6.18%. 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 National Cooperative Bank finance with CMBS loans?

Co-op housing (84 loans), in the 12 months to October 19, 2026. Its most frequent state was NY (83 loans).

Who services a National Cooperative 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.