Investors request $1.4 bln in CMBS TALF loans
NEW YORK, Sept 17 |
NEW YORK, Sept 17 (Reuters) - Investors requested $1.4 billion in loans in the third round of a Federal Reserve emergency program to boost lending in the ailing commercial real estate sector, the Federal Reserve Bank of New York said on its website on Thursday.
Loan requests under the Fed's September Term Asset-Backed Securities Loan Facility (TALF) for existing commercial mortgage-backed securities were less than the $2.28 billion in the "legacy" CMBS TALF funding operation in August.
No loans were requested under the Fed's new issue CMBS TALF program.
(Reporting by Kristina Cooke, Editing by Chizu Nomiyama)
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