CMBS pay-off rate hits post-crisis high in October

The percentage of CMBS loans that were paid off at maturity surged in October, according to Trepp, hitting the highest level since the commercial real estate data provider began tracking the figures, in 2008.

  • By Alexander Saeedy
  • 13 Nov 2018

Nearly $245m in loans which weren’t already defeased or distressed reached maturity last month, the highest total since March. More than 94% of the loans were tied CMBS 2.0 and 3.0 deals. Despite the high volume of maturing loans, a record number of them were paid off entirely.

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3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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