With the first round of the Federal Reserve's Term Asset-Backed Loan Facility (TALF) for CMBS set for the end of June, market players remain cautiously optimistic that the program could add some much-needed momentum to the sector.

However, experts said that it won't serve as cure-all for the fundamental problems that the CMBS market faces. The expectation for 2009 is for modest CMBS issuance , with much of the activity spurred by this TALF expansion.

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