Business News • MarketWire • Freddie Mac Announces Pricing of $497 Million Multifamily Small Balance Loan Securitization |
Freddie Mac Announces Pricing of $497 Million Multifamily Small Balance Loan Securitization |
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Freddie Mac Announces Pricing of $497 Million Multifamily Small Balance Loan Securitization
MCLEAN, VA--(Marketwired - Mar 16, 2018) - Freddie Mac (OTCQB: FMCC) announces the pricing of the SB47 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $497 million in Multifamily SB Certificates (SB47 Certificates), which are anticipated to settle on or about March 27, 2018. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units. This is the third SB Certificate transaction in 2018.
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