Freddie Mac priced a $239 million offering of structured pass-through certificates that are backed by underlying collateral consisting of supplemental multifamily mortgages. The K-J19 certificates settled March 27.
The certificates are backed by corresponding classes issued by the FREMF 2018-KJ19 Mortgage Trust and guaranteed by Freddie Mac.
The KJ19 Trust will also issue certificates consisting of class B-FL, class B-FX and class R certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-J19 certificates.
Merrill Lynch Pierce Fenner & Smith Inc. is acting as the lead manager and sole book runner for the offering. Amherst Pierpont Securities LLC, Citigroup Global Markets Inc., KGS-Alpha Capital Markets LP and The Williams Capital Group LP are the co-managers.