A CMBS loan is a non-recourse, fixed-rate commercial mortgage securitized through institutional capital markets, providing long-term debt for stabilized income-producing assets.

How are CMBS proceeds determined?

Loan proceeds are driven by NOI, DSCR, occupancy, and market factors. Most programs size between 1.20x–1.35x DSCR and up to 75% LTV.

Is CMBS financing available in Arizona?

Yes. Cornovus Capital structures CMBS loans across Arizona, including Phoenix, Tucson, and secondary markets statewide.

Can CMBS loans be prepaid?

Most CMBS loans use defeasance or yield-maintenance; select programs allow assumption with servicer consent.

How does Cornovus Capital manage the CMBS process?

We handle underwriting, diligence coordination, lender alignment, and closing management—ensuring execution certainty and institutional-level servicing.

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Commercial CMBS Financing in Arizona

Fixed-Rate • Non-Recourse • Institutional Execution

Commercial CMBS financing in Arizona provides long-term, fixed-rate, non-recourse debt solutions for stabilized assets across Phoenix, Tucson, Scottsdale, Mesa, and Flagstaff. Cornovus Capital structures conduit executions designed to maximize proceeds, ensure servicing transparency, and align long-term debt with each sponsor’s business plan.

We manage the full process—from underwriting and diligence coordination to PSA review and closing—so borrowers experience certainty of execution and stable long-term loan management under institutional CMBS platforms..

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Typical CMBS Loan Terms

Eligible Markets	Phoenix, Tucson, Mesa, Scottsdale, Flagstaff, and secondary Arizona markets
Property Types	Multifamily, hospitality, retail, industrial, office, and mixed-use (stabilized)
Loan Size	$5 million – $150 million; portfolios considered
Term	5 – 10 years, fixed-rate; interest-only options available
Amortization	25 – 30 years; partial or full IO based on leverage
Leverage (Proceeds)	Up to 75% LTV or 1.20x–1.35x DSCR minimum
Recourse	Non-recourse with standard carve-outs
Prepayment	Defeasance or yield-maintenance; assumable subject to approval
Closing Timeline	45 – 75 days from executed term sheet

Key CMBS Highlights

Institutional execution: Conduit-originated loans structured for long-term, non-recourse placement through institutional CMBS platforms.
Non-recourse: Standard carve-outs only; SPE structures apply.
Predictable debt service: Fixed-rate financing with stable long-term amortization.
Servicing transparency: Loans are administered by independent master and special servicers under industry-standard CMBS protocols.
Refinance & cash-out: Unlock equity and stabilize ownership with permanent debt placement.

Who qualifies for CMBS financing?

Owners of stabilized income-producing assets with consistent NOI.
Sponsors seeking non-recourse, fixed-rate debt with predictable servicing.
Portfolios requiring scalable capital execution.
Borrowers ready for SPE structures and CMBS-level diligence.

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About Cornovus Capital

With over 70 years of combined experience, Cornovus Capital is a trusted commercial finance advisory firm providing CMBS, LifeCo, and structured debt solutions nationwide. We design long-term capital strategies that deliver certainty, transparency, and institutional-grade results.

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Evaluating CMBS financing in Arizona? Our advisory team delivers execution certainty and institutional loan placement.

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