IRVINE, CA—As GlobeSt.com recently reported, Freddie Mac posted a $475-million third-quarter loss, its first quarterly loss in four years. The announcement re-ignited concerns about the GSEs' stability and sustainability. But Jim Going, CEO of ReadyCap Commercial, one of the few lender partners in the Freddie Mac Small Business Loan program for multifamilydeals, tells GlobeSt.com the loss will have little to no impact on borrowers. (ReadyCap Commercial is GlobeSt.com Thought Leader.)

We spoke exclusively with Going about the news and its impact on ReadyCap and its clients, as well as the rest of the industry.

GlobeSt.com: What has been the impact of Freddie Mac's recently announced third-quarter loss on your client base and on your business?

Going: There has been no negative impact on our Freddie Mac business based on its third-quarter earnings release. The demand is as high as ever for Freddie Mac product from our clients, and our pipeline continues to grow. Borrowers are embracing this product as much as ever, and we anticipate they will be for a long time to come.

GlobeSt.com: How will this news impact lending for 2016? Are borrowers shying away from Freddie Mac?

Going: No, we don't anticipate any negative impact for 2016. Freddie Mac has a mandate to serve the small multifamily borrower, and demand for multifamily debt continues to increase. The Freddie Mac SBL program is a great option for small balance multifamily borrowers.

GlobeSt.com: Will different borrower types be affected by this news?

Going: We don't think small multifamily borrowers in the $1-million to $5-million range are going to perceive this news as negative when evaluating their borrowing needs. Our small-balance multifamily borrowers are looking at long-term options and, in our opinion, are not as concerned about an earnings release.

GlobeSt.com: What else should our readers know about what's happening with Freddie Mac?

Going: I have no knowledge of what's happening with Freddie Mac outside of what I've read in the public domain, but my opinion is that Freddie Mac is extraordinarily focused on making the SBL product successful in 2016 and beyond. We at ReadyCap are equally focused on making the SBL program successful.