CMBS loans in Wisconsin
By Brad Beattie, Director, Capital Markets, Janover Capital LLC · Published
140 CMBS loans with $2.3 billion outstanding are secured by property in Wisconsin, 0.8% of all CMBS debt still in trusts (SEC Form ABS-EE filings, as of October 28, 2026). 9 loans on Wisconsin property were made in the 12 months to October 19, 2026, too few for a reliable median rate.
- Live CMBS loans
- 140
- $2.3B outstanding
- Loans made, last 12 months
- 9
- $171M
- Median rate, last 12 months
- too few
- 9 loans
- Maturing 2027 to 2028
- $584M
- 25 loans
Property mix
Multifamily is the largest share of Wisconsin's CMBS debt, $654M across 59 loans.
- Multifamily59 loans $654M
- Retail34 loans $615M
- Industrial17 loans $371M
- Office11 loans $277M
- Hotel10 loans $181M
- Mobile home park4 loans $69.7M
- Self-storage4 loans $69.1M
- Mixed use1 loans $32.9M
Lenders active in Wisconsin
The originators with the most Wisconsin loans in CMBS trusts from the last 12 months.
- Societe Generale 4
- Barclays 2
- Bank of America 1
- Wells Fargo 1
- BMO 1
Full rankings: CMBS lenders.
Wisconsin CMBS maturities by year
14 loans ($372 million) mature in 2027 and 11 ($211 million) in 2028. 1 loan (0.7% of the state's loans) is with a special servicer, against 4.3% nationally, and 0.0% are 60 or more days delinquent.
| Year | Balance | Loans |
|---|---|---|
| 2026 | $98.9M | 2 |
| 2027 | $372M | 14 |
| 2028 | $211M | 11 |
| 2029 | $345M | 28 |
| 2030 | $320M | 16 |
| 2031 | $197M | 9 |
| 2032 | $140M | 8 |
2026 includes 0 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 Wisconsin: Milwaukee (54), Green Bay (5), Appleton (5), Brookfield (3), Janesville (3), Menomonee Falls (3), Neenah (3), Pleasant Prairie (2).
Every loan, property by property, is listed on cmbs.news by metro area: Milwaukee-Waukesha, WI, Minneapolis-St. Paul-Bloomington, MN-WI.
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 Wisconsin?
140 loans with $2.3 billion outstanding were still reporting in CMBS trusts as of October 28, 2026, counted by the state of each loan's largest property. Multifamily is the largest share by balance.
What are CMBS rates in Wisconsin?
Too few Wisconsin loans were securitized in the last 12 months for a reliable median. The national median was 6.40%; property type and leverage matter more than state.
How many Wisconsin CMBS loans mature in 2027 and 2028?
14 loans ($372 million) in 2027 and 11 ($211 million) in 2028.
Financing property in Wisconsin?
Send the deal. Janover Capital LLC will ask CMBS, bank and life company lenders to price it.