Natixis CMBS loans: recent loans, sizes and rates

What Natixis's CMBS lending looks like

• Loan size close to the market: a median of $17.9M against $15M market-wide.
• Rates below the market once property type is accounted for: about 20 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 69.0% against 63.9%, with a median debt service coverage of 1.27x.
• Concentrated in multifamily: 65% of its loans.

Natixis against the CMBS market

Measure	Natixis	CMBS market
Median loan	$17.9M	$15M
Median note rate	6.29%	6.40%
Middle half of rates	5.96% to 6.53%
Median loan-to-value	69.0%	63.9%
Median debt service coverage	1.27x	1.47x
Median debt yield	8.3%	10.1%
Interest-only for the full term	85%	87%
Five-year term	82%	79%
Ten-year term	18%	21%

Natixis: 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 Natixis financed

Property type	Loans	Volume	Median rate	Market, same type
Multifamily	22	$465M	6.05%	6.35% (-30 bp)
Retail	6	$275M	6.76%	6.58% (+18 bp)
Self-storage	4	$39.8M
Hotel	1	$19M
Mixed use	1	$6.7M

Median rates shown where Natixis 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 $5.3M, largest $90M. 85% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where Natixis lends

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

• TX 6
• NY 5
• OH 2
• DE 2
• MI 2
• MN 2
• GA 2
• IN 2
• AR 1
• OK 1

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

Natixis loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	0
Apr 21, 2025	0
Jul 21, 2025	2
Oct 20, 2025	2
Jan 19, 2026	9
Apr 20, 2026	9
Jul 20, 2026	14
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 Natixis appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on Natixis loans in the 24 months to October 19, 2026, with the number of notes filed under each, including loans made jointly with other lenders. 12 trusts hold these loans; the most were in D2-Natixis Multifamily Mortgage Trust 2026-M1 (20).

• Natixis Real Estate Capital LLC 30
• Natixis 7
• Bank of Montreal, Natixis Real Estate Capital LLC 2
• NREC 2
• BMO, NREC 2

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

Similar CMBS lenders

Closest in property mix:

• Greystone: 24 loans, median $9.6M at 6.51%
• Societe Generale: 21 loans, median $13.4M at 6.46%
• AxLender: 25 loans, median $9.6M at 6.51%
• MF1 Capital: 14 loans, median $42.1M at 5.71%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are Natixis's CMBS loans?

In the 12 months to October 19, 2026, Natixis securitized loans from $5.3M to $90M, with a median of $17.9M. 15% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does Natixis charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.29%, with the middle half between 5.96% and 6.53%. 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 Natixis finance with CMBS loans?

Multifamily (22 loans), Retail (6 loans), Self-storage (4 loans), Hotel (1 loan), and others, in the 12 months to October 19, 2026. Its most frequent state was TX (6 loans).

Who services a Natixis 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.