CMBS loans in Colorado
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
180 CMBS loans with $2.8 billion outstanding are secured by property in Colorado, 1.0% of all CMBS debt still in trusts (SEC Form ABS-EE filings, as of October 28, 2026). Loans made there in the 12 months to October 19, 2026 had a median rate of 6.59% (13 loans), against 6.40% nationally.
- Live CMBS loans
- 180
- $2.8B outstanding
- Loans made, last 12 months
- 13
- $336M
- Median rate, last 12 months
- 6.59%
- 13 loans
- Maturing 2027 to 2028
- $817M
- 60 loans
Property mix
Hotel is the largest share of Colorado's CMBS debt, $712M across 27 loans.
- Hotel27 loans $712M
- Office28 loans $596M
- Retail42 loans $568M
- Self-storage40 loans $270M
- Mixed use11 loans $250M
- Multifamily12 loans $175M
- Industrial8 loans $107M
- Mobile home park12 loans $76.7M
Lenders active in Colorado
The originators with the most Colorado loans in CMBS trusts from the last 12 months.
- Morgan Stanley 2
- Deutsche Bank 2
- Wells Fargo 1
- Bank of America 1
- Citi 1
- Starwood Mortgage Capital 1
- Natixis 1
- NWL Company 1
Full rankings: CMBS lenders.
Colorado CMBS maturities by year
31 loans ($377 million) mature in 2027 and 29 ($440 million) in 2028. 10 loans (5.6% of the state's loans) are with a special servicer, against 4.3% nationally, and 3.9% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $87.6M | 4 |
| 2027 | $377M | 31 |
| 2028 | $440M | 29 |
| 2029 | $711M | 45 |
| 2030 | $336M | 19 |
| 2031 | $262M | 24 |
| 2032 | $165M | 10 |
2026 includes 2 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 Colorado: Denver (29), Colorado Springs (26), Aurora (12), Lakewood (8), Fort Collins (8), Grand Junction (7), Westminster (7), Boulder (6).
Every loan, property by property, is listed on cmbs.news by metro area: Denver-Aurora-Centennial, CO, Colorado Springs, CO, Fort Collins-Loveland, CO, Boulder, CO.
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 Colorado?
180 loans with $2.8 billion outstanding were still reporting in CMBS trusts as of October 28, 2026, counted by the state of each loan's largest property. Hotel is the largest share by balance.
What are CMBS rates in Colorado?
The median original rate on Colorado CMBS loans originated in the 12 months to October 19, 2026 was 6.59% across 13 loans; the middle half ran from 6.33% to 6.64%. Rates depend far more on property type and leverage than on state.
How many Colorado CMBS loans mature in 2027 and 2028?
31 loans ($377 million) in 2027 and 29 ($440 million) in 2028.
Financing property in Colorado?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.