When Freddie Mac unveiled its new mezzanine financing program recently, it captured a great deal of attention from those in the industry. After all, one would not expect to see a new financing program offered at a time when the debt markets are tight to begin with, particularly with so many properties underwater on their mortgages. But will Freddie’s new program—which would allow borrowers to finance properties at up to 90% LTV though a combination of traditional and mezzanine debt—be a game changer, a non-issue or make the current situation worse?

That was what GlobeSt.com’s poll question last week endeavored to answer. Some 85 readers responded to the survey, with 68% saying Freddie’s new mezz program will elongate the pain and write-downs that are ultimately necessary, and 32% believing the program will help stabilize the market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.