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Fannie Mae prices $913.6M multifamily DUS REMIC

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Fannie Mae prices $913.6M multifamily DUS REMIC

Fannie Maehas priced $913.6 million of multifamily delegated underwriting and servicing REMICunder its Fannie Mae Guaranteed Multifamily Structures program.

The group one collateral consists of 27 Fannie Mae DUS mortgage-backedsecurities in Colorado, Florida and Washington with an unpaid principal balanceof about $190.2 million. The weighted average debt service coverage ratio is 1.98x,and the weighted average loan-to-value is 76.4%.

The group two collateral consists of 62 Fannie Mae DUS MBS inMassachusetts, Texas and California with an unpaid principal balance of approximately$262.8 million. The weighted average debt service coverage ratio is 2.05x, and theweighted average loan-to-value is 58.8%.

The group three collateral consists of 45 Fannie Mae DUS MBSin Texas, Arizona and Maine with an unpaid principal balance of about $460.6 million.The weighted average debt service coverage ratio is 1.48x, and the weighted averageloan-to-value is 71.8%.

The settlement date is July 29. Goldman Sachs & Co. is thelead manager. Jefferies, KGS-Alpha Capital Markets and Drexel Hamilton are co-managers.