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Alerts
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TALF Expanded to Target Wider Audience
May 5, 2009
In an effort to thaw the frozen commercial real estate markets, the Federal Reserve Bank of New York announced last week that it would be expanding the term of loans available under the Term Asset-Backed Loan Facility (“TALF”) from three years to up to five years. The Federal Reserve also announced that, starting in June 2009, investors can finance purchases of AAA-rated commercial mortgage-backed securities (“CMBS”) loans through the TALF credit facility.
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