Commercial Real Estate Industry Seeking Bailout Funds

Industry leaders, warning of a pending wave of foreclosures, hope to tap into funds to shore up loans and unfreeze asset-backed securities.  A dozen trade groups headed by the Real Estate Roundtable are lobbying the Federal Reserve to include the commercial real estate industry in a $200 billion credit facility to help stave off a coming wave of foreclosures by unfreezing credit and helping investors purchase or guarantee commercial mortgage-backed securities (CMBS).

Continue reading the full article courtesy of CoStar

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