CMBS Come to TALF

In a widely anticipated development, the Federal Reserve Bank of New York announced today the expansion of the Term Asset-Backed Securities Loan Facility to include CMBS. TALF eligibility for CMBS is subject to a number of requirements, some of which have not as yet been specified.

The first CMBS subscription and settlement will occur in late June. We have attached a memorandum that highlights the key details of the expansion.

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CMBS Come to TALF