WASHINGTON, DC-Freddie Mac has brought its thirteenth K-Certificates backed by seven-year multifamily mortgages to the market in a $1.3 billion deal, expected to price around May 31. It is also the GSE’s second such deal for 2013. Clearly these offerings, first introduced in 2011, are no longer in the “experimental” phase for Freddie Mac.

That said, demand for these loans is not high, at least not compared with the ten-year transactions and as a result it is unclear when the GSE will make another such offering, according to Mitch Resnick, vice president of Freddie Mac Multifamily.

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