CMBS Market May Get First Issue in Over a Year

Bloomberg News reported on Oct. 9 that the first new commercial mortgage backed security issued since June 2008 may be sold by Goldman Sachs Group Inc. The article said the underlying asset is a $400 million loan to Developers Diversified Realty Corp. that it is secured by 28 shopping centers. Goldman and Developers Diversified are seeking to include the loan in the Fed’s TALF program, the article said.

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