Goldman Sachs Group Inc., seeking to take advantage of an untapped Federal Reserve program, may sell the first commercial mortgage bond since June 2008, backed by a $400 million loan to an Ohio property owner.

The five-year loan to Developers Diversified Realty Corp. from a unit of the New York banking company is secured by 28 shopping centers. It is to be used to repay debt on those properties and others and to reduce the outstanding amounts of credit facilities, Developers Diversified said last week.

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