Commercial CMBS Loan Financing in Florida
Fixed-Rate • Non-Recourse • Institutional Execution
Commercial CMBS financing in Florida provides long-term, fixed-rate, non-recourse debt for stabilized properties throughout Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, and emerging secondary markets. Cornovus Capital structures conduit executions that maximize proceeds, balance prepayment flexibility, and align long-term debt with sponsor objectives.
Our advisory team manages every step—from underwriting and diligence coordination to PSA review and closing—ensuring certainty of execution and transparent long-term servicing under institutional CMBS platforms.
Typical CMBS Loan Terms
| Eligible Markets | Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, and statewide secondary markets |
| Property Types | Multifamily, hospitality, retail, industrial, office, and mixed-use (stabilized) |
| Loan Size | $5 million – $200 million; portfolio executions considered |
| Term | 5 – 10 years fixed-rate; interest-only options available |
| Amortization | 25 – 30 years; partial or full IO depending on leverage and DSCR |
| Leverage (Proceeds) | Up to 75% LTV or 1.20x–1.35x DSCR |
| Recourse | Non-recourse with standard carve-outs (SPE structure required) |
| Prepayment | Defeasance or yield-maintenance; assumable with servicer consent |
| Closing Timeline | 45 – 75 days from executed term sheet |
Key CMBS Highlights
- Institutional execution: Conduit-originated loans structured for non-recourse, fixed-rate placement through CMBS capital markets.
- Non-recourse: Standard carve-outs only; SPE borrower structure required.
- Predictable debt service: Fixed-rate financing with stable long-term amortization.
- Servicing transparency: Loans are administered by independent master and special servicers under CMBS protocols.
- Refinance & cash-out: Unlock equity or recapitalize stabilized assets with permanent financing.
Who qualifies for CMBS financing?
- Owners of stabilized income-producing assets meeting underwriting and occupancy standards.
- Sponsors seeking long-term, fixed-rate, non-recourse debt execution.
- Portfolios or single assets requiring scalable institutional placement.
- Borrowers prepared for SPE compliance and CMBS-level diligence.
About Cornovus Capital
With more than 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 execution across institutional programs.
See the latest Florida market research from Lee & Associates for insights into the state’s evolving commercial real estate landscape.
Connect with Cornovus Capital
Evaluating CMBS financing in Florida? Our advisory team delivers institutional execution and capital clarity for stabilized assets statewide.
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