The Term Asset-Backed Securities Loan Facility (TALF), an emergency Government program geared towards boosting the lending in the commercial real estate market, has been extended until June 30, 2010.

Although, the program has had a positive impact on the commercial real estate industry, the industry is still not ready to operate on it’s own without government assistance.

The U.S. Federal Reserve, alongside with the U.S. Treasury Department, announced the extension for newly issued commercial mortgage backed securities on Monday, August 17, 2009, stating that if the economic conditions strengthen, extending TALF to residential mortgage securities is a possibility for the future.