Freddie Mac (OTCQB:FMCC) announces the pricing of the SB51 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 $457 million in Multifamily SB Certificates (SB51 Certificates), which are anticipated to settle on or about July 24, 2018. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units. This is the seventh SB Certificate transaction in 2018.
Source: Globe Newswire