search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsBuyer found for “whole kit and kaboodle” at Anchor Steam Brewery Buyer found for “whole kit and kaboodle” at Anchor Steam Brewery Bushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
South Florida

Low expectations for Federal program to help commercial real estate market

Sign Up for the undefined Newsletter

The Federal Reserve may have few deals for the start of its program to
aid the commercial real estate market. Today is the first monthly
deadline for investors to apply for loans to buy new commercial
mortgage-backed securities through the Term Asset-Backed Securities
Loan Facility. Today’s application deadline applies to securities
issued this year, and in late July, the Fed will start accepting
investor requests for loans to purchase older CMBS. “I would be very
surprised” if there are any deals this month, said Kevin Petrasic, a
former official at the Office of Thrift Supervision. “Unless the market
really starts to pick up within the next couple weeks, I think July is
going to be a little challenging as well.”