✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026✦Prime Rate:6.75%✦Fed Funds:3.64%✦5-Yr Treasury:3.88%↓✦10-Yr Treasury:4.25%↓✦30-Yr Treasury:4.83%↓✦30-Yr Mortgage:6.22%·Updated Mar 19, 2026
Rates
CMBS READINESS CHECKLIST

Is Your Deal CMBS-Ready?

The Gold Standard for commercial real estate financing: non-recourse, fixed-rate, 10-year money at the lowest available rates. Find out if your deal qualifies.

PeerSense specializes in well-capitalized refinances and acquisitions. Minimum 30-35% equity required.

1.Is the property stabilized with at least 85% occupancy?

2.Is your target LTV 75% or lower?

3.Does the property generate a DSCR of 1.25x or higher?

4.Is the loan amount $5 million or more?

5.Are you seeking non-recourse debt?

6.Is the property in a primary or secondary market?

7.Do you have a net worth of at least 25% of the loan amount?

8.Do you have liquidity of at least 5% of the loan amount?

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THE GOLD STANDARD

Why 65% LTV Is the Gold Standard

At 65% LTV, your deal is over-collateralized. CMBS conduits compete for these deals because they represent the lowest risk in their securitization pool. The benefits:

ALTERNATIVES

What If CMBS Isn't the Right Fit?

SBA 504

If you occupy 51%+ of the building, an SBA 504 offers a 25-year fixed rate that CMBS can't match.

Learn about SBA 504 →

Bridge Loan

Need to stabilize first? A Bridge Loan lets you renovate or lease up, then refinance into CMBS in 12 months.

Explore Bridge Loans →

Conventional Bank

Planning to sell in 3 years? A conventional loan avoids CMBS defeasance penalties.

Discuss your options →
EXIT STRATEGIES

Understanding Defeasance

CMBS loans use defeasance or yield maintenance for early exits. Defeasance replaces the property collateral with U.S. Treasury bonds that replicate the remaining payment schedule, releasing the property from the mortgage.

Negative Defeasance: Turning a Penalty Into Profit

In high-rate environments (2024-2026), the cost of purchasing required Treasury bonds can be lower than the loan's principal balance. This means borrowers may actually profit from defeasing their CMBS loan -- a counterintuitive but well-documented benefit that sophisticated sponsors leverage for early exits.

Learn more about CMBS exit strategies
PROPERTY TYPES

CMBS-Ready Property Types

CMBS conduits lend across all major commercial property types. Necessity-based retail and post-PIP hotels are among the most sought-after collateral in 2026.

Retail (Grocery-Anchored, Necessity-Based)

Ideal

Hotels (Post-PIP, Stabilized RevPAR)

Ideal

Industrial / Warehouse

Strong

Medical Office

Strong

Multifamily (5+ Units)

Standard

Mixed-Use

Case-by-case

Self-Storage

Growing sector

We Don't Just Place Deals -- We Pre-Underwrite Them

With 500+ institutional capital sources and live market rate intelligence, we match your deal to the conduit most likely to close it.

Tell Us About Your DealCall (317) 452-6990