MARKETS GLOSSARY
CMBS
Commercial Mortgage-Backed Securities
Bonds supported by pools of commercial mortgage loans.
What does CMBS mean?
Bonds supported by pools of commercial mortgage loans. Professionals may calculate, document or apply this concept differently depending on the transaction, accounting method, lender policy and governing documents. Borrowers should confirm the precise definition used in any term sheet or agreement.
CMBS in context
A stabilized property loan may be originated for inclusion in a CMBS pool.
Why it matters in financing
CMBS can influence how a lender, investor or advisor evaluates risk, pricing, structure, repayment capacity or transaction economics. It should be considered together with the complete financial picture rather than used alone.
Related markets terms
Educational information only. This definition is general, may not match a particular lender or contract, and is not financial, accounting, tax or legal advice.