Federal Government Expected to Help Commercial Real Estate

“The Federal Reserve authorized longer- term loans for investors buying securities backed by commercial mortgages in a $1 trillion emergency credit program, taking a step the industry said was needed to avert defaults…Adding CMBS to the TALF ‘will help prevent defaults on economically viable commercial properties, increase the capacity of current holders of maturing mortgages to make additional loans and facilitate the sale of distressed properties,’ the Fed said today.” (Link to full article below).

http://www.bloomberg.com/apps/news?pid=20601068&sid=asH8tMd6ss4c