he said then, "isnot the most effective way to use TARP [Troubled Asset ReliefProgram] funds."
That has not kept the commercial real estate industry fromhoping--and lobbying--the government to participate in CRE debtpurchases in one form or another. Along with TALF's roll-out, thegovernment also announced plans to buymortgage-backed securities and debt obligations of thegovernment-sponsored housing enterprises.
Pleased with this development, which will give multifamilyfinance a boost in the form of lower rates, the Real EstateRoundtable is hoping to see additional overtures to the CREindustry. Specifically, it would like the government to expand thisprogram to include secured and unsecured commercial real estateloans.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
