Funding Demand From REITs Might Spur Interest In TALF For New Loans (6/23)

Published Tuesday, June 23, 2009

News that Developers Diversified Realty, one of the largest REITs in the retail sector, is considering using the Term Asset-Backed Securities Loan Facility (TALF) program to secure up to $600 million in loans might help the program gain popularity. Under TALF 2.0, as industry observers have dubbed the revamped program, potential investors in new commercial mortgage-backed securities (CMBS) can borrow money from the government to buy AAA-rated CMBS bonds issued on or after Jan. 1, 2009. However, the program’s initial deadline of June 16 passed without any loan requests. Now, with companies of Developers Diversified’s stature and portfolio ...

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