Axos Bank is a San Diego, California based institution established in 2000 and owned by Axos Financial Inc. It operates with a compact physical footprint of 3 domestic offices but maintains a substantial national commercial real estate lending business. As of June 30, 2026, the bank reported $28.9 billion in total assets, $25.0 billion in total loans and $5.6 billion in total CRE loans. CRE represented 22.5% of all loans. Those figures place Axos among the larger CRE lenders nationally, despite its limited branch network, and indicate that commercial property finance is a meaningful part of its broader lending operation.
For borrowers, Axos stands out for its combination of bridge lending, construction exposure and small-balance commercial mortgage programs. The bank says its Commercial Real Estate Specialty Lending division serves owners, investors and developers, with streamlined processing, fast closings and in-house lending decisions. It also says its underwriting can accommodate complex income scenarios, high loan amounts and unique properties. Recent announced transactions span multifamily, industrial, office, retail, hotel and mixed-use assets in markets including New York, Phoenix, Austin, Los Angeles and Raleigh. These examples show broad transaction activity, although they do not establish that every property, geography or loan request will qualify.
Axos holds a $5.6 billion CRE book led by investor properties
FDIC filings show $5.6 billion of total CRE loans at Axos Bank as of June 30, 2026. The portfolio ranks 94 of 4,167 banks nationally and 8 of 111 banks headquartered in California. Investor nonfarm nonresidential lending is the largest component at $3.0 billion, representing 53.9% of the CRE book and ranking 76 nationally within that segment. Construction and land loans total $1.2 billion, equal to 21.8% of CRE loans, with a national segment rank of 68. Multifamily loans also total $1.2 billion and represent 21.1%, ranking 90 nationally. This mix gives borrowers a clearer indication of where Axos has accumulated CRE exposure, but it should not be read as a commitment to originate a particular property type.
Owner occupied CRE is a much smaller part of the reported portfolio at $183.9 million, or 3.3% of total CRE loans. Axos ranks 528 nationally in that segment, substantially below its overall CRE position. The contrast suggests that its reported CRE book is oriented more toward investment property, development and commercial real estate specialty lending than toward buildings occupied by operating businesses. Separately, Axos reported a $7.235 billion Commercial Real Estate Specialty balance at March 31, 2026. That company-defined portfolio included $3.337 billion of construction loans, $2.872 billion of bridge loans, $895 million of stabilized loans and $131 million of pre-development loans. These company figures use a different portfolio classification and reporting date from the FDIC total.
| Segment | Loans ($M) | Share of CRE | National rank |
|---|---|---|---|
| Construction and land | $1,221 | 21.8% | #68 |
| Multifamily | $1,183 | 21.1% | #90 |
| Owner occupied | $184 | 3.3% | #528 |
| Investor nonfarm nonresidential | $3,023 | 53.9% | #76 |
Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Axos Bank.
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Axos reported $5.2 billion in total CRE loans at June 30, 2021, followed by $7.0 billion in 2022. The balance then declined to $5.8 billion in 2023 and $5.1 billion in 2024 before rising to $5.2 billion in 2025 and $5.6 billion in 2026. The latest amount represents an 8.5% year over year increase and an 8.7% increase since June 30, 2021. CRE accounts for 22.5% of total loans, while investor CRE equals 1.93x equity. Axos also reported that its Commercial Real Estate Specialty balance increased from $5.713 billion at June 30, 2025 to $7.235 billion at March 31, 2026. In its fiscal third-quarter 2026 earnings release, the bank said real estate loans and structured credits continued to perform well, with very low levels of nonperformers and net charge-offs.
| June 30 | Total CRE loans ($M) | Change |
|---|---|---|
| 2021 | $5,163 | |
| 2022 | $7,017 | +35.9% |
| 2023 | $5,760 | -17.9% |
| 2024 | $5,134 | -10.9% |
| 2025 | $5,170 | +0.7% |
| 2026 | $5,610 | +8.5% |
Recent financings reflect bridge, construction and refinancing activity
Recent press reports show Axos financing a wide range of transactions. Announced construction loans included $84.7 million for The Whitney, a 328-unit apartment and retail tower in Phoenix, and $147 million for Highline Glenwood, a 306-unit residential and retail tower in Raleigh. Another report identified a $169 million construction loan for a logistics development in Long Island City. Refinancings included $180 million for a 34-property industrial outdoor storage portfolio across 12 states, $15.85 million for a 48-unit Pasadena multifamily property and $7.3 million for an industrial property in Queens. Press reports also identified a $40 million acquisition loan for three multifamily properties in Brooklyn and smaller loans involving office, hotel and mixed-use properties. These announcements illustrate completed activity rather than standard terms available to new applicants.
Axos says its Commercial Real Estate Specialty Lending division specializes in bridge loans for owners, investors and developers. The bank emphasizes streamlined processing, fast closings and lending decisions made in-house. It also says its commercial underwriting accommodates complex income scenarios, high loan amounts and unique properties. For smaller transactions, Axos offers small-balance commercial real estate programs for commercial mortgage brokers, investors and property owners nationwide. At March 31, 2026, the bank reported that 59 percent of its Commercial Real Estate Specialty balance used indirect note structures with first-payment priority and had a 41 percent weighted-average loan-to-value ratio. That portfolio statistic is not a quoted leverage limit for new loans.
| Date | Property | Location | Type | Amount | Source |
|---|---|---|---|---|---|
| 2026-07 | 10-unit multifamily building at 3 West 75th Street | New York, NY | refinance | $3.2 million | traded.co |
| 2026-05 | The Whitney, 328-unit apartment and retail tower | Phoenix, AZ | construction | $84.7 million | connectcre.com |
| 2026-02 | Three multifamily properties in Bushwick and Williamsburg | Brooklyn, NY | acquisition | $40 million | traded.co |
| 2026-01 | Industrial property at 10-51 Irving Avenue | Queens, NY | refinance | $7.3 million | traded.co |
| 2026-01 | The Modern Austin Residences, 319-unit mixed-use condominium tower | Austin, TX | refinance | jll.com | |
| 2025-09 | Office property at 35 East Broadway | New York, NY | refinance | $8.3 million | connectcre.com |
| 2025-09 | 34-property industrial outdoor storage portfolio across 12 states | refinance | $180 million | jll.com | |
| 2025-08 | Five-property multifamily portfolio near Downtown Los Angeles | Los Angeles, CA | refinance | $7.8 million | streetinsider.com |
| 2025-08 | Highline Glenwood, 306-unit residential and retail tower | Raleigh, NC | construction | $147 million | connectcre.com |
| 2025-06 | 48-unit multifamily property at 380 Cordova Street | Pasadena, CA | refinance | $15.85 million | traded.co |
| 2025-03 | 50-key hotel at 30-13 31st Street | Long Island City, NY | refinance | $6.6 million | traded.co |
| 2025-03 | Mixed-use office and retail property at 37-02 82nd Street | Jackson Heights, NY | acquisition | $7.4 million | traded.co |
| 2025-02 | Logistics development at 28-90 Review Avenue | Long Island City, NY | construction | $169 million | traded.co |
Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.
A national lending profile extends well beyond the branch network
Axos has only 3 domestic offices, with 1 branch each in California, Nevada and Utah. The California office holds $23.1 billion in deposits, compared with $1.6 billion in Nevada and $162.0 million in Utah. Its announced financings, however, reach markets far beyond those states, including New York, Arizona, Texas and North Carolina. The bank also describes its small-balance CRE program as nationwide. Comparable banks by size and CRE mix include First Hawaiian Bank with $5.3 billion in CRE loans, Bank of Hawaii with $4.4 billion, S&T Bank with $4.0 billion, Preferred Bank with $3.8 billion, Southside Bank with $3.3 billion and The Northern Trust Company with $6.4 billion. Axos sits toward the upper end of this peer set by reported CRE volume.
Axos may fit experienced owners, investors and developers seeking bridge, construction, acquisition or refinancing capital, particularly where the property or borrower involves a complex income profile or unusual collateral. Its announced transactions range from smaller urban properties to large development and portfolio financings, while its stated small-balance program broadens the potential borrower base. Borrowers should still evaluate pricing against current market benchmarks. As of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78% and the 10 year Treasury was 4.96%. These are market references, not Axos loan quotes or promised pricing.
| State | Branches | Deposits ($M) |
|---|---|---|
| California | 1 | $23,109 |
| Nevada | 1 | $1,562 |
| Utah | 1 | $162 |
Peer banks with a similar CRE book
| Bank | Headquarters | Total CRE loans ($M) | Change, 1 year |
|---|---|---|---|
| First Hawaiian Bank | Honolulu, HI | $5,318 | +4.3% |
| Preferred Bank | Los Angeles, CA | $3,830 | +10.2% |
| S&T Bank | Indiana, PA | $3,970 | +0.6% |
| Southside Bank | Tyler, TX | $3,334 | +9.5% |
| Bank of Hawaii | Honolulu, HI | $4,381 | +1.6% |
| The Northern Trust Company | Chicago, IL | $6,399 | -0.8% |
Frequently Asked Questions
Does Axos Bank make commercial real estate loans?
Yes. Axos Bank reported $5.6 billion in total commercial real estate loans as of June 30, 2026. Its stated focus includes bridge lending for owners, investors and developers, along with small-balance commercial real estate programs for commercial mortgage brokers, investors and property owners nationwide. The bank also says its underwriting can address complex income scenarios, high loan amounts and unique properties. Actual availability, structure and approval will depend on the proposed transaction and the bank’s underwriting.
How large is Axos Bank’s commercial real estate portfolio?
Axos Bank’s total CRE portfolio was $5.6 billion as of June 30, 2026, according to FDIC filings. CRE represented 22.5% of its $25.0 billion total loan portfolio. The bank ranked 94 of 4,167 institutions nationally by CRE loans and 8 of 111 banks headquartered in California. Axos separately reported a $7.235 billion Commercial Real Estate Specialty balance at March 31, 2026, using its own portfolio classification and a different reporting date.
What types of commercial properties does Axos Bank finance?
Axos finances several commercial property categories. Its FDIC portfolio includes $3.0 billion of investor nonfarm nonresidential loans, $1.2 billion of construction and land loans, $1.2 billion of multifamily loans and $183.9 million of owner occupied CRE loans. Recent press reports describe financings involving apartments, industrial properties, offices, retail space, hotels, mixed-use buildings and development sites. Those holdings and announced transactions demonstrate prior activity, but they do not guarantee that Axos will approve a new loan for any particular asset.
Does Axos Bank lend outside California?
Yes. Axos describes its small-balance commercial real estate program as nationwide, and recent announced financings include properties in New York, Arizona, Texas, North Carolina and California. This reach is broader than its physical network of 3 domestic offices, located in California, Nevada and Utah. Press reports include large construction and portfolio loans as well as smaller acquisition and refinancing transactions. Borrowers outside the branch states may therefore be potential candidates, subject to the bank’s property, sponsorship and underwriting requirements.
Is Axos Bank a good fit for a CRE bridge or construction loan?
Potentially. Axos says its Commercial Real Estate Specialty Lending division specializes in bridge loans for owners, investors and developers. At March 31, 2026, its specialty portfolio included $3.337 billion of construction loans and $2.872 billion of bridge loans. Recent press reports also identify construction financing of $84.7 million for The Whitney in Phoenix and $147 million for Highline Glenwood in Raleigh. These examples indicate relevant experience, although borrowers must obtain transaction-specific terms directly from the bank.
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BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Axos Bank. See our Legal Disclaimer and Compensation Disclosure.