Freddie Mac has priced an offering of $1.2 billion in structured pass-through certificates backed by underlying collateral consisting of fixed-rate multifamily mortgages.
The certificates are expected to settle on or about March 13.
The K-730 certificates are backed by corresponding classes issued by the FREMF 2018-K730 mortgage trust and guaranteed by Freddie Mac. The trust will also issue class B, C, D and R certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-730 certificates.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as co-lead managers and joint book runners. Amherst Pierpont Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., Drexel Hamilton LLC and Wells Fargo Securities LLC are the co-managers.
