#Deos freddie mac finances apartments Pc

JLL worked on behalf of the borrower, a partnership between Alliant Strategic Investments and Nuveen Real Estate Capital, to secure the 10-year, fixed-rate loan through Freddie Mac. The restriction will be in place for 99 years. The new owner, Alliant Strategic Investments and Nuveen Real Estate Capital, is converting 100 percent of its units affordable to households making less than 80 percent of the area’s median income levels to address the growing need for affordable housing in the Seattle MSA. 12, 2021 – JLL Capital Markets announced today that it has underwritten and closed a $17.95 million Freddie Mac Senior Loan and a $13.5 million subordinate loan from Amazon Housing Equity Fund for the acquisition of Sage Apartments, a 123-unit, garden-style multi-housing community in the suburban Seattle community of Everett, Washington. Learn more at, Twitter and Freddie Mac's blog /blog.SEATTLE, Jan. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. Freddie Mac securitizes about 90% of the multifamily loans it purchases, thus transferring the majority of the expected credit risk from taxpayers to private investors.įreddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income.

Since 2009, 1,194 different investors have participated in Freddie Mac's K- and SB-Deal programs, including 936 in the K-Deal program and 582 in the SB-Deal program.įreddie Mac Multifamily is the nation's multifamily housing finance leader. Since the inception of the K-Deal structure in 2009, the company securitized a total of approximately $562.8 billion across all offerings, including $480.9 billion in K-Deals and $35.0 billion in SB-Deals. An average of nearly 35 investors participated in each K- and SB-Deal. In 2021, 502 different investors participated in Freddie Mac's K- and SB-Deal programs, including 362 in the K-Deal program and 244 in the SB-Deal program. PCs have a single-tier pass-through structure, are fully guaranteed, and typically securitize a single mortgage.

#Deos freddie mac finances apartments Pc

The company further bolstered its commitment to affordable, quality rental housing, issuing a combined $5.2 billion in securities across its three Impact Bonds offerings: Green, Social and Sustainability.įreddie Mac grew its Multi PC issuance from $6 billion 2020 to a record $7 billion in 2021. In 2021, Freddie Mac Multifamily introduced the When-Issued K-Deal, providing investors with an opportunity to purchase certain K-Deal certificates prior to K-Deal settlement.įreddie Mac Multifamily also issued three novel MSCR Note deals, which featured a new structure that further facilitates credit risk reduction on loans securitized through PC issuance. We have our committed investor base to thank for yet another great year, and we look forward to further innovations that will support their unique and varied needs in the year ahead.” “Underscoring the success of the program and overall confidence in our multifamily business, we continued to see record-tight spreads throughout the year. “Beyond record issuance volume, Freddie Mac Multifamily continued to optimize and innovate in 2021 with the introduction of our ‘when-issued’ K-Deals, more PC volume and further use of our backend risk transfer technologies,” said Robert Koontz, senior vice president of Multifamily Capital Markets at Freddie Mac. $5.2 billion of Impact Bonds issuance across various deal types.

$4.2 billion M-Deals®, ML-Deals®, Q-Deals and MF REMICs (P and RR series).

$63.5 billion in K-Deals, including $2.0 billion in When-Issued K-Deals®.

Freddie Mac has settled more than $500 billion in multifamily securities through its K-Deal® and various other risk-transfer offerings since the inception of the program in 2009. 11, 2022 (GLOBE NEWSWIRE) - Freddie Mac (OTCQB: FMCC) issued a record $80.6 billion of multifamily securities in 2021 affirming the company’s leadership and innovation in risk transfer.