Business News • MarketWire • Freddie Mac Announces Multifamily Seniors Housing Securities Offering |
Freddie Mac Announces Multifamily Seniors Housing Securities Offering |
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Freddie Mac Announces Multifamily Seniors Housing Securities Offering
MCLEAN, VA--(Marketwired - May 12, 2014) - Freddie Mac (OTCQB: FMCC) today announced an offering of Structured Pass-Through Certificates ("K Certificates") backed exclusively by LIBOR-based, floating rate multifamily mortgages with five-, seven-, and ten-year terms on seniors housing properties. The company expects to offer approximately $326 million in K Certificates ("K-S02 Certificates"), which are expected to price on or about May 14, 2014, and settle on or about May 23, 2014. This is Freddie Mac's second K Certificate offering backed exclusively by seniors housing collateral, the first of which was in April 2013. This offering also represents the company's second floating rate offering this year.
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