CMBS data provider Trepp’s July 2012 payoff report showed that the percentage of loans paying off on their balloon date reached a 12-month low last month and was also at its lowest level since Oct. 2010.

Only 26.3% of the loans that reached their balloon date paid off in July while Oct. 2010’s was at 22.3%. July’s percentage is far below the 12-month average of 41.6%, according to Trepp.

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