Freddie Mac has priced a $667 million offering of structured pass-through K-BX1 certificates.

The certificates, which are backed by multifamily mortgages for 13 properties across the western part of the U.S., include $263.1 million of class A1 securities and $404.1 million of class A2 securities. Both have coupons of 2.92%, are issued by the FREMF 2018-KBX1 Mortgage Trust and are guaranteed by Freddie Mac.

They are expected to settle on or about March 29.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the offering's co-lead managers and joint book runners. Cantor Fitzgerald & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Multi-Bank Securities Inc. are co-managers.