Trepp: March Drop In Commercial Loans Paying Off Balloon Date

The percentage of commercial real estate loans paying off on their balloon date retreated sharply in March, according to new data from Trepp LLC.

In March, 36.4% of loans reaching their balloon date paid off. Only May 2011 had a lower reading over the last 12 months. The March number was also below the 12-month rolling average of 44.5%.

Trepp determined that by loan count – as opposed to balance – 43.1% of the loans paid off. On the basis of loan count, the 12-month rolling average is now 50.9%. Prior to 2008, the payoff percentages were typically well north of 70%.


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