Commercial Real Estate Looks For TALF Aid

Posted by Orb Staff on December 23, 2008 No Comments
Categories : Commercial Mortgage

Lobbyists for the U.S. commercial real estate industry are pushing for inclusion in the Federal Reserve's $200 billion Term Asset-Backed Securities Loan Facilitiy (TALF), according to several published reports.

Commercial real estate associations have sent a letter to Treasury Secretary Henry Paulson, Reuters reports. The TALF program, announced late last month, aims to increase credit availability by lending up to $200 billion on a nonrecourse basis to holders of certain AAA-rated asset-backed securities backed by newly and recently originated consumer and small business loans.

Paulson has said before that the program could be expanded to include commercial mortgage-backed securities, in addition to those backed by student loans, auto loans and credit card loans, as was originally announced.

SOURCE: Reuters

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