July payoffs reached 71% of maturities, starting the third quarter higher than the year-to-date average of 70.7% for the first six months, according to S&P. The month's payoff rate was second in 2017 only to the 74.8% reached in January.
Thus far this year, about 6,041 loans with an original balance of $87.5 billion have either been prepaid or paid off at maturity, S&P says. Of this, $73.8 billion came from loans that were scheduled to mature through July.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.