Freddie Mac Announces Pricing of $233 Mil. Multifamily Small Balance Loan Securitization

Freddie Mac announces the pricing of the SB38 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $233 million in Multifamily SB Certificates (SB38 Certificates), which are anticipated to settle on or about September 28, 2017. Multi-Bank Securities, Inc. was a co-manager on the offering. Full Story