MCLEAN, VA-Freddie Mac on Monday said it’s offering about $1 billion in multifamily securities, with pricing expected to occur this week and settlement targeted for Dec. 22. The K-016 structured pass-through certificates are backed by 85 recently originated multifamily mortgages, the locally based GSE says in a release.
The securities will be offered by a syndicate led by Deutsche Bank and JPMorgan as co-lead managers and joint bookrunners. Credit Suisse, Merrill Lynch, Wells Fargo and Morgan Stanley will serve as co-managers.
The K-016 certificates include two classes of senior principal and interest classes, a senior interest-only class and a junior interest-only class. Fitch Ratings and Morningstar have been tapped to rate the three senior classes of certificates. This is the 12th K certificate offering this year, according to Freddie.
Watch GlobeSt.com for further updates on the Freddie offering.
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