The percentage of loans in CMBS  paying off on their balloon date registered 64.6% -- eight points above the March reading of 56.6%, according to the Trepp April payoff report,

Trepp said that this rate has now exceeded 60% in six of the past eight months.  By loan count, 73.6% of loans paid off -- the highest reading since September 2008. The 12-month rolling average by loan count is now 60.8%.

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