Bank of America is moving ahead with a $460 million CMBS transaction of assets related to Fortress Investment's 2007 acquisition of Flagler Development Group, according to market reports.

The $650 million deal, which is larger than the above disclosed amount because it includes mezzanine debt to be sold in advance of the securitization, will not be issued under the Federal Reserve’s Term Asset-Backed Lending Facility (TALF) program.

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