Percentage of CMBS loans paid off at maturity increases, still below 50% « HousingWire

The percentage of commercial loans that paid off at their maturity date rebounded in November, an improvement that probably won't continue next year, according to a Trepp report released Wednesday.

In November, 47.1% of loans that reached their balloon date paid off, up from 41.8% in October. The percentage is in terms of dollar volume.

So far in 2011, the average monthly rate is 41%, a reflection of an improvement in the lending environment in the first half of the year that allowed 2006 five-year balloon loans to refinance, the analytics firm reported. The average monthly rate in 2010 was 34%.

Read more...Percentage of CMBS loans paid off at maturity increases, still below 50% « HousingWire