CMBS loans in New Jersey
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
338 CMBS loans with $9.7 billion outstanding are secured by property in New Jersey, 3.4% 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 6.39% (27 loans), against 6.40% nationally.
- Live CMBS loans
- 338
- $9.7B outstanding
- Loans made, last 12 months
- 27
- $751M
- Median rate, last 12 months
- 6.39%
- 27 loans
- Maturing 2027 to 2028
- $2.9B
- 88 loans
Property mix
Office is the largest share of New Jersey's CMBS debt, $3.6B across 75 loans.
- Office75 loans $3.6B
- Retail65 loans $1.7B
- Multifamily68 loans $1.7B
- Industrial47 loans $1.1B
- Mixed use15 loans $494M
- Hotel23 loans $458M
- Self-storage27 loans $263M
- Co-op housing4 loans $72.7M
- Mobile home park11 loans $61.1M
Lenders active in New Jersey
The originators with the most New Jersey loans in CMBS trusts from the last 12 months.
- Citi 6
- Morgan Stanley 3
- Deutsche Bank 2
- Wells Fargo 2
- UBS 2
- Starwood Mortgage Capital 2
- BMO 2
- Societe Generale 2
Full rankings: CMBS lenders.
New Jersey CMBS maturities by year
38 loans ($1.4 billion) mature in 2027 and 50 ($1.4 billion) in 2028. 23 loans (6.8% of the state's loans) are with a special servicer, against 4.3% nationally, and 4.7% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $367M | 9 |
| 2027 | $1.4B | 38 |
| 2028 | $1.4B | 50 |
| 2029 | $2.0B | 76 |
| 2030 | $1.4B | 53 |
| 2031 | $1.1B | 48 |
| 2032 | $973M | 28 |
2026 includes 5 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 New Jersey: Jersey City (34), Newark (10), Princeton (8), Fort Lee (6), Morristown (6), Warren (6), North Bergen (6), Edgewater (5).
Every loan, property by property, is listed on cmbs.news by metro area: New York-Newark-Jersey City, NY-NJ, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, Allentown-Bethlehem-Easton, PA-NJ, Trenton-Princeton, NJ, Atlantic City-Hammonton, NJ.
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 New Jersey?
338 loans with $9.7 billion outstanding were still reporting in CMBS trusts as of October 28, 2026, counted by the state of each loan's largest property. Office is the largest share by balance.
What are CMBS rates in New Jersey?
The median original rate on New Jersey CMBS loans originated in the 12 months to October 19, 2026 was 6.39% across 27 loans; the middle half ran from 6.05% to 6.79%. Rates depend far more on property type and leverage than on state.
How many New Jersey CMBS loans mature in 2027 and 2028?
38 loans ($1.4 billion) in 2027 and 50 ($1.4 billion) in 2028.
Financing property in New Jersey?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.