Several media outlets recently reported that two large commercial mortgage-backed security (CMBS) deals could signal a break in the market. A $400 million deal from Developers Diversified Realty Corp., is the first using the Federal Reserve's Term Asset-Backed Securites Loan Facility (TALF), and is the first issuance of CMBS in 2009.
Following this, Bank of America announced the sale of a $460 security without federal assistance. Overall, TALF has received almost $1.5 billion in loan requests for both new and existing CMBS, and the success of these two deals could signal a significant ease in this market, according to the outlets listed below.
Read more about these recent developments from The Wall Street Journal, NASDAQ, and Reuters.
- Industry Priorities
- Education
- News
- Connect
- Benefits
- Events
- Shop