Trepp: Percentage of Loans Paying Off at Maturity Inches Higher via Citybizlist New York

The percentage of loans paying off at their maturity date inched higher in January according to the just-released Trepp January Pay Off Report.

In January, 40.8% of loans reaching their balloon date paid off. This was up about three points from December's 37.5% reading. The December reading had been the lowest in eight months.

The January number of 40.8% was below the 12 month rolling average of 44.1%.

By loan count (as opposed to balance), 51.3% percent of the loans paid off. This was virtually unchanged from December's reading of 51.2%. On the basis of loan count, the 12 month rolling average is now 50.2%.

Read more...Trepp: Percentage of Loans Paying Off at Maturity Inches Higher via Citybizlist New York