CMBS loans in New York
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
2,317 CMBS loans with $55.1 billion outstanding are secured by property in New York, 19.6% 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 6.19% (244 loans), against 6.40% nationally.
- Live CMBS loans
- 2,317
- $55.1B outstanding
- Loans made, last 12 months
- 244
- $5.6B
- Median rate, last 12 months
- 6.19%
- 244 loans
- Maturing 2027 to 2028
- $13.0B
- 414 loans
Property mix
Office is the largest share of New York's CMBS debt, $15.7B across 201 loans.
- Office201 loans $15.7B
- Mixed use326 loans $11.7B
- Multifamily569 loans $11.0B
- Retail217 loans $7.2B
- Co-op housing791 loans $3.1B
- Hotel66 loans $2.7B
- Industrial50 loans $1.2B
- Self-storage34 loans $888M
- Mobile home park12 loans $43.6M
Lenders active in New York
The originators with the most New York loans in CMBS trusts from the last 12 months.
- National Cooperative Bank 83
- Citi 35
- Morgan Stanley 21
- Goldman Sachs 16
- Deutsche Bank 13
- BMO 12
- Argentic 9
- JPMorgan Chase 7
Full rankings: CMBS lenders.
New York CMBS maturities by year
189 loans ($7.3 billion) mature in 2027 and 225 ($5.7 billion) in 2028. 88 loans (3.8% of the state's loans) are with a special servicer, against 4.3% nationally, and 3.1% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $1.1B | 19 |
| 2027 | $7.3B | 189 |
| 2028 | $5.7B | 225 |
| 2029 | $13.8B | 497 |
| 2030 | $10.7B | 392 |
| 2031 | $8.7B | 449 |
| 2032 | $2.8B | 209 |
2026 includes 9 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 York: New York (840), Brooklyn (455), Bronx (179), Yonkers (51), Forest Hills (37), New Rochelle (24), Flushing (23), White Plains (20).
Every loan, property by property, is listed on cmbs.news by metro area: New York-Newark-Jersey City, NY-NJ, Buffalo-Cheektowaga, NY, Rochester, NY, Albany-Schenectady-Troy, NY, Kiryas Joel-Poughkeepsie-Newburgh, NY, Syracuse, NY.
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 York?
2,317 loans with $55.1 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 York?
The median original rate on New York CMBS loans originated in the 12 months to October 19, 2026 was 6.19% across 244 loans; the middle half ran from 5.97% to 6.52%. Rates depend far more on property type and leverage than on state.
How many New York CMBS loans mature in 2027 and 2028?
189 loans ($7.3 billion) in 2027 and 225 ($5.7 billion) in 2028.
Financing property in New York?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.