CMBS loans in Alabama
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
109 CMBS loans with $1.7 billion outstanding are secured by property in Alabama, 0.6% of all CMBS debt still in trusts (SEC Form ABS-EE filings, as of October 28, 2026). 6 loans on Alabama property were made in the 12 months to October 19, 2026, too few for a reliable median rate.
- Live CMBS loans
- 109
- $1.7B outstanding
- Loans made, last 12 months
- 6
- $75.1M
- Median rate, last 12 months
- too few
- 6 loans
- Maturing 2027 to 2028
- $349M
- 29 loans
Property mix
Retail is the largest share of Alabama's CMBS debt, $555M across 43 loans.
- Retail43 loans $555M
- Hotel19 loans $336M
- Office9 loans $284M
- Self-storage22 loans $253M
- Multifamily11 loans $179M
- Industrial2 loans $73.0M
- Mobile home park3 loans $14.0M
Lenders active in Alabama
The originators with the most Alabama loans in CMBS trusts from the last 12 months.
- Bank of America 1
- Morgan Stanley 1
- Wells Fargo 1
- LMF Commercial 1
- Rialto 1
- Argentic 1
Full rankings: CMBS lenders.
Alabama CMBS maturities by year
14 loans ($152 million) mature in 2027 and 15 ($198 million) in 2028. 4 loans (3.7% of the state's loans) are with a special servicer, against 4.3% nationally, and 3.7% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $36.8M | 3 |
| 2027 | $152M | 14 |
| 2028 | $198M | 15 |
| 2029 | $323M | 19 |
| 2030 | $194M | 21 |
| 2031 | $288M | 16 |
| 2032 | $296M | 12 |
2026 includes 0 loans already past maturity and still outstanding. What to do before a maturity: CMBS maturity wall; size a refinance with the refinance calculator.
Where the loans are
Cities with the most live CMBS loans in Alabama: Birmingham (17), Huntsville (16), Montgomery (8), Madison (5), Mobile (4), Hoover (4), Tuscaloosa (3), Auburn (3).
Every loan, property by property, is listed on cmbs.news by metro area: Birmingham, AL, Huntsville, AL, Montgomery, AL.
Rates depend on the property and the loan far more than on the state. See CMBS loan rates by property type and term, and every state compared.
Source: SEC Form ABS-EE asset-level filings (Schedule AL) for CMBS trusts, compiled by cmbs.news; data as of October 28, 2026. Pari passu pieces of one loan are counted once. Each loan is placed in the state of its largest property; portfolio loans count once. How each figure is built: methodology. Download the tables: CMBS data (CSV).
Questions people ask
How many CMBS loans are there in Alabama?
109 loans with $1.7 billion outstanding were still reporting in CMBS trusts as of October 28, 2026, counted by the state of each loan's largest property. Retail is the largest share by balance.
What are CMBS rates in Alabama?
Too few Alabama loans were securitized in the last 12 months for a reliable median. The national median was 6.40%; property type and leverage matter more than state.
How many Alabama CMBS loans mature in 2027 and 2028?
14 loans ($152 million) in 2027 and 15 ($198 million) in 2028.
Financing property in Alabama?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.