Little TALF Financing Sought For First CMBS

18 Nov 2009

Investors’ requests for cheap federal financing for the first commercial mortgage-backed securities issue since last year were only a fraction of what was available for the deal.

Investors’ requests for cheap federal financing for the first commercial mortgage-backed securities issue since last year were only a fraction of what was available for the deal. The Federal Reserve’s Term Asset-Backed Loan Facility determined that $324 million of the $400 million CMBS by mall owner Developers Diversified ...

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