The percentage of commercial real estate loans paying off on their balloon date hit a 12-month low last month, according to new data from Trepp LLC.
Trepp reports only 26.3% of loans reaching their balloon date paid off. This is well under the 12-month average of 41.6%. By loan count (as opposed to balance), 53.3% of loans paid off. On the basis of loan count, the 12-month rolling average is now 52.2%.
Read more...MortgageOrb: Percentage Of Commercial Loans Paying Off Hits 12-Month Low
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