The Real Deal Miami

Real estate on agenda for Fed meeting

August 12, 2009 12:36PM

With landlords having troubles refinancing and $165 billion in commercial loans coming due this year, the commercial real estate market is likely to pose major problems to the recovery of the overall economy, Bloomberg News reported. At a meeting this afternoon, Fed Chairman Ben Bernanke and his colleagues are expected to talk about the uncertain future of commercial real estate. Term Asset-Backed Securities Loan Facility program and treasury purchases are set to appear on the agenda. After being expanded in June to cover commercial real estate, the TALF program is set to expire December 31, but many lawmakers are pushing to extend it for another year.