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McLEAN, VA-Freddie Mac has launched its first multifamily bulk loan transaction, selling a portfolio of seasoned assets that had been residing on its balance sheet since before it entered conservatorship. The winning bidder was an affiliate of Colony Capital. The company purchased 27 performing mortgage loans that had an unpaid principal balance of $195 million. The purchase price for the portfolio was not disclosed. Freddie Mac retained Mission Capital Advisors as loan sale advisor.

Freddie Mac is not abandoning securitization–its primary mode of selling off assets from its balance sheet; not hardly, says Mike Lipson, senior vice president of Multifamily Asset Management and Operations for Freddie Mac. “Securitization is our main focus,” he tells GlobeSt.com.

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