See Your Max CMBS Loan, Rate & DSCR — Before You Talk to a Lender
Six inputs. Real CMBS pricing. No signup. Run your deal in 30 seconds.
Your Deal
Net Operating Income after vacancy and operating expenses.
Appraised value (refi) or purchase price (acquisition).
You qualify but at the edge — sponsor strength matters.
Your deal clears CMBS at the edge: 61% LTV and 1.25x DSCR. Pricing reflects a 1–3 prior deals sponsor profile. A stronger sponsor or lower LTV would tighten the rate.
Want the Named Lender Shortlist?
We'll send you the 2–3 specific CMBS conduit lenders whose credit boxes match this deal — with indicative term sheets — within one business day. No retainers. Fee at closing.
How This Sizer Works
CMBS conduit loans are sized by the binding constraint of two underwriting tests:
- LTV cap — maximum loan as a percentage of property value. Multifamily and NNN credit retail can reach 75%; office and stretch hotel cap closer to 60–65%.
- DSCR minimum — net operating income must support the debt service at the indicative rate by at least 1.20x to 1.40x depending on property type.
Rate framing: the headline floor of 6.25% applies only when LTV is at or below 60%, the sponsor has 4+ prior CRE deals, the property is in the trophy tier (multifamily, industrial, NNN credit, medical office, self-storage), and DSCR cushion is at least 1.40x. Most stabilized CMBS deals price in the 6.75%–9% range. Higher leverage, weaker sponsors, harder property types, or thinner DSCR cushion push pricing into the 9–11%+ tier.
Sizing uses 30-year amortization (the CMBS standard for permanent debt). Monthly payment is calculated at the indicative rate on the constrained loan amount.
This is a sizing tool, not a quote. Actual pricing depends on the conduit lender, current spreads over the 10-year UST, sponsor financials, environmental and engineering reports, and prevailing market conditions on the day of rate lock. PeerSense uses this sizer as a first-pass screen — once you submit your deal, we route it to the 2–3 conduit lenders whose credit boxes match.