Starwood Mortgage Capital CMBS loans: recent loans, sizes and rates

What Starwood Mortgage Capital's CMBS lending looks like

• Loan size close to the market: a median of $13.8M against $15M market-wide.
• Rates above the market once property type is accounted for: about 14 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.
• Less leverage than the market: median loan-to-value of 58.0% against 63.9%, and debt service coverage of 1.50x against 1.47x.
• Less active than a year earlier: 33 loans in the latest 12 months against 95 in the 12 months before.

Starwood Mortgage Capital against the CMBS market

Measure	Starwood Mortgage Capital	CMBS market
Median loan	$13.8M	$15M
Median note rate	6.70%	6.40%
Middle half of rates	6.40% to 6.85%
Median loan-to-value	58.0%	63.9%
Median debt service coverage	1.50x	1.47x
Median debt yield	10.1%	10.1%
Interest-only for the full term	91%	87%
Five-year term	70%	79%
Ten-year term	30%	21%

Starwood Mortgage 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 Starwood Mortgage Capital financed

Property type	Loans	Volume	Median rate	Market, same type
Industrial	8	$246M	6.71%	6.63% (+8 bp)
Multifamily	7	$187M	6.45%	6.35% (+10 bp)
Mobile home park	6	$46.5M	6.73%	6.41% (+32 bp)
Retail	5	$84.5M	6.63%	6.58% (+5 bp)
Office	2	$119M
Hotel	2	$10.3M
Self-storage	2	$9.8M
Other or not reported	1	$22.5M

Median rates shown where Starwood Mortgage Capital 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 $3.2M, largest $87.5M. 91% were interest-only for the whole term. What those terms mean for a borrower: CMBS loan terms and interest-only CMBS loans.

Where Starwood Mortgage Capital lends

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

• NY 7
• FL 4
• TX 4
• MI 3
• NJ 2
• CA 2
• MO 1
• TN 1
• GA 1
• CT 1

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

Starwood Mortgage Capital loans securitized each quarter

Quarter ending	Loans	Chart
Jan 20, 2025	20
Apr 21, 2025	25
Jul 21, 2025	29
Oct 20, 2025	21
Jan 19, 2026	8
Apr 20, 2026	13
Jul 20, 2026	10
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 Starwood Mortgage Capital appears in the SEC filings

Trusts name the originator in their own words. These are the versions of the name on Starwood Mortgage 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. 27 trusts hold these loans; the most were in BMO 2025-5C11 Mortgage Trust (15).

• Starwood Mortgage Capital LLC 108
• SMC 31
• Starwood Mortgage Capital LLC, Bank of Montreal 4
• Starwood Mortgage Capital LLC, Greystone Select Company II LLC 1
• Starwood Mortgage Capital LLC, Barclays Capital Real Estate Inc. 1
• Starwood Mortgage Capital LLC and Bank of Montreal 1
• AREF2, SMC 1
• BCREI, SMC 1

Getting a CMBS loan like these

Janover Capital LLC is a commercial mortgage advisor, not a lender, and has no affiliation with Starwood Mortgage Capital. Nothing here means Starwood Mortgage 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 Starwood Mortgage Capital. Before you do, read CMBS loan requirements and the document checklist.

Similar CMBS lenders

Closest in property mix:

• UBS: 20 loans, median $17M at 6.54%
• Morgan Stanley: 97 loans, median $15.3M at 6.40%
• Barclays: 90 loans, median $14.7M at 6.48%
• Bank of America: 90 loans, median $14M at 6.38%

All CMBS lenders, ranked · CMBS loan rates · Methodology

Questions people ask

How big are Starwood Mortgage Capital's CMBS loans?

In the 12 months to October 19, 2026, Starwood Mortgage Capital securitized loans from $3.2M to $87.5M, with a median of $13.8M. 39% were under $10 million. A loan split into notes across trusts counts once, at its full amount.

What interest rate does Starwood Mortgage Capital charge on a CMBS loan?

Its loans in the 12 months to October 19, 2026 carried a median note rate of 6.70%, with the middle half between 6.40% and 6.85%. 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 Starwood Mortgage Capital finance with CMBS loans?

Industrial (8 loans), Multifamily (7 loans), Mobile home park (6 loans), Retail (5 loans), and others, in the 12 months to October 19, 2026. Its most frequent state was NY (7 loans).

Who services a Starwood Mortgage 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.