The Real Deal Miami

Commercial groups ask for bailout

December 24, 2008 12:17PM

According to Fox News, a dozen commercial real estate trade groups are asking to be part of a $200 billion loan program initiated by the government to help the market for car loans, student loans and credit card debt. The groups, which include the National Apartment Association and the Mortgage Bankers Association, hope that if they receive funds, banks will be more willing to make loans to developers since they could repackage and sell the loans with the backing of the government.