Ackman-Ziff’s Russell Schildkraut (left) and CBRE’s Enoch Lawrence
Despite the recent extension of the deadlines for the federal Term Asset-Backed Securities Loan Facility, or TALF, real estate finance experts are divided on whether the program will have any direct impact on New York City commercial real estate even after the program is expected to be up and running next month. Since the Federal Reserve created the TALF program, it has not been used to finance any new commercial mortgage-backed securities pools yet, and experts said that was in part because the credit markets have improved in recent months. More
