McLEAN, VA—Freddie Mac looked on with an unusual amount of pride as it closed the books on its latest $1.2 billion K-Deal: it has securitized more than $80 billion in multifamily mortgages through this program since its inception in 2009. “This is definitely a milestone for us,” Mitchell Resnick, vice president of Freddie Mac Multifamily Capital Markets, tells

The deal is telling in other regards as well. The offering was backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The GSE, in short, is doing more of these. “Borrowers seem to be more and more interested in taking out floating rate loans,” Resnick says. “I could easily see us doing another floating rate transaction this year.”

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from 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 now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.