Last month, 66.9% of commercial real estate loans reaching their balloon date paid off, an increase of more than 12 percentage points from the December 2012 reading, according to new data from Trepp LLC.
January's total was also the second highest total over the last four years. Only the September 2012 reading of 68.2% was higher.
Trepp reports that the January rate was well above the 12-month moving average of 49.2%. By loan count, as opposed to balance, 62.6% of loans paid off.
The 12-month rolling average on this basis is now 57.9%, according to Trepp.