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First CMBs in years – closes – $400M+, 1.44 DCR, 62.4% LTV

Capital Markets Comments Off on First CMBs in years – closes – $400M+, 1.44 DCR, 62.4% LTV

Co-Starreports that the first CMBS deal in years had been put together and sold on the open market – securing the owner, Developers Diversified, over $400M on 28 properites across the country at an average cost of 6%. TALF (TARP) funds were used to back the deal.

Todd Clarke @ November 19, 2009

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