CMBS loans in Georgia
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
378 CMBS loans with $6.5 billion outstanding are secured by property in Georgia, 2.3% 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 6.48% (28 loans), against 6.40% nationally.
- Live CMBS loans
- 378
- $6.5B outstanding
- Loans made, last 12 months
- 28
- $1.1B
- Median rate, last 12 months
- 6.48%
- 28 loans
- Maturing 2027 to 2028
- $1.5B
- 116 loans
Property mix
Retail is the largest share of Georgia's CMBS debt, $1.7B across 115 loans.
- Retail115 loans $1.7B
- Hotel77 loans $1.3B
- Multifamily68 loans $1.1B
- Industrial25 loans $783M
- Office25 loans $582M
- Mixed use13 loans $430M
- Self-storage38 loans $333M
- Mobile home park13 loans $173M
- Co-op housing3 loans $5.8M
Lenders active in Georgia
The originators with the most Georgia loans in CMBS trusts from the last 12 months.
- Wells Fargo 5
- Morgan Stanley 4
- Barclays 4
- Goldman Sachs 4
- AxLender 3
- Deutsche Bank 3
- Citi 2
- Natixis 2
Full rankings: CMBS lenders.
Georgia CMBS maturities by year
41 loans ($376 million) mature in 2027 and 75 ($1.1 billion) in 2028. 11 loans (2.9% of the state's loans) are with a special servicer, against 4.3% nationally, and 2.4% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $142M | 8 |
| 2027 | $376M | 41 |
| 2028 | $1.1B | 75 |
| 2029 | $1.8B | 100 |
| 2030 | $771M | 41 |
| 2031 | $1.5B | 69 |
| 2032 | $228M | 15 |
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 Georgia: Atlanta (59), Savannah (19), Marietta (13), Duluth (10), Columbus (9), Mcdonough (9), Augusta (8), Alpharetta (8).
Every loan, property by property, is listed on cmbs.news by metro area: Atlanta-Sandy Springs-Roswell, GA, Savannah, GA, Augusta-Richmond County, GA-SC, Chattanooga, TN-GA.
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 Georgia?
378 loans with $6.5 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 Georgia?
The median original rate on Georgia CMBS loans originated in the 12 months to October 19, 2026 was 6.48% across 28 loans; the middle half ran from 6.13% to 6.89%. Rates depend far more on property type and leverage than on state.
How many Georgia CMBS loans mature in 2027 and 2028?
41 loans ($376 million) in 2027 and 75 ($1.1 billion) in 2028.
Financing property in Georgia?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.