Just after the first commercial mortgage-backed deal in a year and a half drew investors who...

|By:, SA News Editor

Just after the first commercial mortgage-backed deal in a year and a half drew investors who mainly paid cash rather than borrow from the Fed's TALF program, Bank of America (BAC) announces plans to sell $460M of CMBS without relying on the Fed facility, expecting a similar reception. The deal is backed by Florida mortgages as well as fiber-optic cable leases and other assets.