CMBS loans in Florida
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
729 CMBS loans with $15.1 billion outstanding are secured by property in Florida, 5.4% 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 6.61% (62 loans), against 6.40% nationally.
- Live CMBS loans
- 729
- $15.1B outstanding
- Loans made, last 12 months
- 62
- $1.6B
- Median rate, last 12 months
- 6.61%
- 62 loans
- Maturing 2027 to 2028
- $3.9B
- 189 loans
Property mix
Retail is the largest share of Florida's CMBS debt, $4.5B across 175 loans.
- Retail175 loans $4.5B
- Office126 loans $3.2B
- Hotel123 loans $2.7B
- Multifamily108 loans $2.0B
- Self-storage70 loans $850M
- Mixed use34 loans $737M
- Industrial44 loans $735M
- Mobile home park42 loans $303M
Lenders active in Florida
The originators with the most Florida loans in CMBS trusts from the last 12 months.
Full rankings: CMBS lenders.
Florida CMBS maturities by year
85 loans ($943 million) mature in 2027 and 104 ($3.0 billion) in 2028. 17 loans (2.3% of the state's loans) are with a special servicer, against 4.3% nationally, and 1.8% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $115M | 7 |
| 2027 | $943M | 85 |
| 2028 | $3.0B | 104 |
| 2029 | $3.3B | 162 |
| 2030 | $2.2B | 100 |
| 2031 | $2.6B | 142 |
| 2032 | $1.4B | 70 |
2026 includes 3 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 Florida: Miami (46), Orlando (40), Tampa (35), Jacksonville (34), West Palm Beach (21), Fort Lauderdale (21), Miami Beach (18), Boca Raton (15).
Every loan, property by property, is listed on cmbs.news by metro area: Miami-Fort Lauderdale-West Palm Beach, FL, Tampa-St. Petersburg-Clearwater, FL, Orlando-Kissimmee-Sanford, FL, Jacksonville, FL, Deltona-Daytona Beach-Ormond Beach, FL, Cape Coral-Fort Myers, FL.
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 Florida?
729 loans with $15.1 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 Florida?
The median original rate on Florida CMBS loans originated in the 12 months to October 19, 2026 was 6.61% across 62 loans; the middle half ran from 6.21% to 6.90%. Rates depend far more on property type and leverage than on state.
How many Florida CMBS loans mature in 2027 and 2028?
85 loans ($943 million) in 2027 and 104 ($3.0 billion) in 2028.
Financing property in Florida?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.