trending Market Intelligence /marketintelligence/en/news-insights/trending/nzuBU998g3Co2_fdlpRUGQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Freddie Mac prices $413M multifamily small-balance loan securitization

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Freddie Mac prices $413M multifamily small-balance loan securitization

Freddie Mac priced an offering of $413 million multifamily mortgage-backed securitization backed by small-balance loans underwritten by Freddie Mac and issued by a third-party trust.

The SB69 certificates are expected to settle on or about Dec. 20.

Freddie Mac is guaranteeing four senior principal and interest classes and one interest-only class of securities issued by the FRESB 2019-SB69 Mortgage Trust. The company is also acting as mortgage loan seller and master servicer to the trust.

In addition to the six classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of class B and class R certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are acting as co-lead managers and joint book runners. FHN Financial Capital Markets, Mischler Financial Group Inc., Stifel Nicolaus & Co. Inc. and SunTrust Robinson Humphrey are acting as co-managers for the offering.