---
title: Commercial Mortgage-Backed Securities (CMBS)
description: A CMBS loan is a first-mortgage secured by commercial real estate which is bundled together with other mortgages in a large pool. Read more about CMBS here
---

[Realized 1031 Glossary of Terms ](https://www.realized1031.com/glossary)

# [Commercial Mortgage-Backed Securities (CMBS)](https://www.realized1031.com/glossary/commercial-mortgage-backed-securities-cmbs)

 Written by [The Realized Team](https://www.realized1031.com/glossary/author/the-realized-team) | Jul 13, 2022 12:00:00 PM

Commercial Mortgage-Backed Securities are securities collateralized by loans secured by commercial property. A CMBS loan is a first-mortgage secured by commercial real estate which is bundled together with other mortgages in a large pool. The mortgage pool is then sold as a series of bonds which have been “tranched” according to risk profile.

[View full post](https://www.realized1031.com/glossary/commercial-mortgage-backed-securities-cmbs)

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