Search
 

Loans Paying Off at Maturity Still Above 60%

NEW YORK CITY-According to Trepp, the rate last month—61.8%--is well above the 12-month average. But it's also the fifth time in six months that the rate has exceeded 60%.

By John Salustri | Updated on March 08, 2013

NEW YORK CITY-Payoffs are happening. Locally based Trepp reports that the percentage of loans getting paid off by their balloon date was 61.8% last month—the fifth time in six months that the rate has exceeded 60%. But the February numbers are also well ahead of the 12 month average of 49.2%.

What does it all mean? It continues the upward trajectory of the market. “Refinancings continue to happen at dramatically higher level than a year ago,” Manus Clancy, senior managing director of Trepp, tells GlobeSt.com, “and that bodes well for CRE lenders and borrowers.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.