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Freddie Mac prices $562M securitization

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Freddie Mac prices $562M securitization

Freddie Mac priced and underwrote a $562 million multifamily mortgage-backed securitization backed by small-balance loans.

The SB60 certificates are expected to settle on or about March 22.

The company is guaranteeing four senior principal-and-interest classes and one interest-only class of securities issued by the FRESB 2019-SB60 Mortgage Trust. It is also acting as mortgage loan seller and master servicer to the trust.

The trust will also issue class B and class R certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.

Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are acting as co-lead managers and joint book runners. Amherst Pierpont Securities LLC, FTN Financial Capital Markets, Mischler Financial Group Inc. and Stifel Nicolaus & Co. Inc. are acting as co-managers.