According to CNBC, Developers Diversified Realty's (DDR) $400M CMBS issue - the first commercial...

|About: DDR Corp. (DDR)|By:, SA News Editor

According to CNBC, Developers Diversified Realty's (DDR) $400M CMBS issue - the first commercial mortgage backed deal in almost a year and a half - is being done with overwhelmingly private money. The Fed committed to lend up to $250M to make the deal happen, but may have to cough up only a small fraction of that.