
CMBS Conduit Loans
Fixed-rate, non-recourse financing with a $2 million minimum and no maximum.
Fixed-Rate, Non-Recourse CMBS Financing
We offer Nationwide CMBS conduit financing for stabilized commercial properties, with a $2 million minimum and no maximum.
We offer CMBS conduit loans for the following property types:
How It Works
- 1
Get Qualified
- 2
Consultation
- 3
Documents
- 4
Review
- 5
Term Sheet
- 6
Underwriting
- 7
Conditions
- 8
Closing

The Denali Standard
Every transaction receives individual review and hands-on attention from the Denali team.
Common Questions
What is a CMBS conduit loan?
A fixed-rate, non-recourse commercial mortgage pooled into a securitized trust. Conduit loans offer some of the most competitive long-term pricing for stabilized assets.
What is the minimum loan size?
CMBS conduit loans start at $2M. Below that, our small balance programs are usually a better fit.
Can a CMBS loan be assumed by a buyer?
Yes, with lender approval. Assumability can be a real selling point when you eventually sell the property.
How does prepayment work?
Conduit loans use yield maintenance or treasury defeasance rather than a simple step-down penalty. We walk you through the cost trade-offs before you commit.
Explore other programs
Reach out to us to learn more!



