Freddie Mac announced that it expects to issue about $452 million in pass-through certificates, which are expected to settle on or near Aug. 21.
The certificates are backed by multifamily loans sold to a third party and then securitized by the government-sponsored enterprise.
The certificates include one senior principal and interest class and are backed by corresponding classes issued by FREMF 2018-KI04 Mortgage Trust. The trust will also issue class B, class C, class XI, class XE and class R certificates.
J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC are the co-lead managers and joint book runners of the offering, while Amherst Pierpont Securities LLC and Wells Fargo Securities LLC are the co-managers.