Loan-level data from SEC filings · 375 trusts · Oct 2026 reports
Every public CMBS loan, by the building it's on
Look up a property and see what its servicer told the SEC last month. Balance, rate, maturity, coverage, occupancy, and whether the loan has gone to special servicing.
Type at least two letters. Every loan in the data has its own page.
$279.4B outstanding across 11,943 loans
6.4% of it with special servicers
4.2% 30+ days delinquent or past maturity unpaid
$37.9B matures in 2026 and 2027
The maturity wall
A CMBS loan is a balloon loan: the whole balance comes due on one date, and the owner has to refinance or sell to pay it. In the trusts tracked here, 69.4% of the balance sits in ten-year loans and 69.0% pays interest only for the full term. Loans originated from 2016 through 2021 carry a weighted average starting rate of 4.07%; loans originated since January 2025 carry 6.31%. On the same balance, 6.31% is 55% more interest than 4.07%. This is how much comes due each year, and how much of it is already in trouble.
| Maturity | Loans | Balance | Special servicing | Delinquent |
|---|---|---|---|---|
| Past due | 37 | $2.0B | $2.0B | $1.4B |
| 2026 | 264 | $6.3B | $2.1B | $1.2B |
| 2027 | 1,430 | $32.6B | $3.7B | $1.9B |
| 2028 | 1,727 | $41.2B | $3.9B | $2.3B |
| 2029 | 2,690 | $66.1B | $2.7B | $2.6B |
| 2030 | 1,736 | $42.6B | $934.8M | $779.0M |
| 2031 | 1,991 | $41.4B | $970.3M | $905.5M |
| Later | 2,195 | $49.1B | $1.2B | $1.1B |
The maturity wall by property type · The month-by-month maturity calendar · This month's watch list (1,004 loans) · What changed in the latest filings (934)
By property type
| Type | Loans | Balance | Special servicing | Delinquent |
|---|---|---|---|---|
| Office | 1,794 | $76.1B | ||
| Retail | 2,775 | $60.8B | ||
| Multifamily | 2,054 | $38.7B | ||
| Hotel | 1,263 | $29.7B | ||
| Mixed use | 819 | $27.7B | ||
| Industrial | 810 | $19.6B | ||
| Self storage | 1,140 | $13.5B | ||
| Other | 1,019 | $11.0B | ||
| Manufactured housing | 391 | $4.0B | ||
| Healthcare | 5 | $41.7M |
Shares are by balance. Fully defeased loans are left out because Treasury securities, not the property, now back them.
Largest troubled loans due by the end of 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Parkmerced | San Francisco, CA | Multifamily | $260.0M | 2.725% | Dec 2024 | n/a | n/a | Past maturity and not performing |
| Lafayette Centre | Washington, DC | Office | $243.0M | 4.246% | Mar 2027 | n/a | n/a | With the special servicer |
| 85 Broad Street | New York, NY | Office | $241.0M | 3.693% | Jun 2027 | 2.28x | 62% | With the special servicer |
| Worldwide Plaza | New York, NY | Office | $235.0M | 3.605% | Nov 2027 | 1.49x | 62% | With the special servicer and 90+ days delinquent |
| Fresno Fashion Fair Mall | Fresno, CA | Retail | $225.0M | 3.587% | Nov 2026 | 2.16x | 96% | With the special servicer and 30-59 days delinquent |
| Key Center Cleveland | Cleveland, OH | Mixed use | $182.2M | 5.31% | Feb 2027 | 1.84x | 89% | With the special servicer |
| 225 Bush Street | San Francisco, CA | Office | $173.6M | 3.303% | Nov 2024 | n/a | n/a | Past maturity and not performing |
| First Stamford Place | Stamford, CT | Office | $164.0M | 4.088% | Jul 2027 | 1.96x | 80% | With the special servicer |
| Park Square | Boston, MA | Office | $160.0M | 4.146% | Nov 2027 | 0.57x | 40% | With the special servicer and 90+ days delinquent |
| U.S. Steel Tower | Pittsburgh, PA | Office | $160.0M | 3.683% | Jun 2026 | n/a | n/a | Past maturity and not performing |
Largest metros
Questions people ask
Where does this data come from?
From the ABS-EE filings that public CMBS trusts make with the SEC every month. Each filing carries an asset-data file (Schedule AL under Regulation AB II) with one record per loan and per property. We read the latest filing from every public CMBS trust that reported in the past six weeks; the methodology page gives the exact dates.
How current is it?
Each loan page shows the reporting period its figures cover and links to the filing. Trusts report monthly, so the numbers trail the real world by about a month. Financial figures such as NOI and occupancy come from the borrower's latest statements, which can be a year old.
Why can't I find my loan?
Only loans in publicly registered CMBS trusts appear. Single-borrower deals sold privately under Rule 144A, bank balance-sheet loans, agency loans and CRE CLOs do not file this data with the SEC. A loan that paid off this month also drops out.
Does this site show the servicer watchlist?
No. The servicer watchlist is part of the CREFC reports trustees post for investors, and it is not filed with the SEC. What the filings do show is the special servicer transfer date, the payment status, the workout strategy and, in each trust's monthly 10-D report, the special servicer's own comments; those are on the loan pages. cmbs.news also runs its own rule-based screen on those fields (the watch flags); the methodology page defines each one.
Can I use this data in my own tools or an AI assistant?
Yes. There is a free JSON API and a remote MCP server that Claude, ChatGPT and other agents can connect to, plus CSVs of every list. The developers page has the endpoints and the terms.
Who runs cmbs.news?
Janover Capital LLC publishes it. It is not a lender, a servicer or a party to any trust shown here. The pages, the CSVs, the API and the MCP server are free to use; a Pro tier with alerts, full history and bulk files is on a waitlist.
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