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Freddie Mac Announces Pricing of $372 Million Multifamily Small Balance Loan Securitization

Nachrichtenquelle: globenewswire
14.05.2021, 16:14  |  125   |   |   

MCLEAN, Va., May 14, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announces the pricing of the SB86 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 issue approximately $372 million in SB Certificates (SB86 Certificates), which are expected to settle on or about May 21, 2021. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the fifth SB Certificate transaction in 2021.

SB86 Pricing

Class Principal/
Notional Amount
(mm)
Weighted
Average Life
(Years)
Spread
(bps)
Coupon Yield Dollar
Price
A-5H $50.089 4.07 3 0.9000% 0.7619% 100.4978
A-10F $144.824 7.26 18 1.6100% 1.5305% 100.4658
A-10H $177.136 7.16 33 1.7500% 1.6676% 100.4716
X1 $372.050 6.78 2,900 0.4712% 29.8281% 4.4492

Details:

Freddie Mac is guaranteeing three senior principal and interest classes and one interest only class of securities issued by the FRESB 2021-SB86 Mortgage Trust. Freddie Mac is also acting as mortgage loan seller and master servicer to the trust. In addition to the four classes of securities guaranteed by Freddie Mac, the trust will issue certificates consisting of Class B and Class R Certificates, which will not be guaranteed by Freddie Mac and will be sold to private investors.

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Freddie Mac Announces Pricing of $372 Million Multifamily Small Balance Loan Securitization MCLEAN, Va., May 14, 2021 (GLOBE NEWSWIRE) - Freddie Mac (OTCQB: FMCC) announces the pricing of the SB86 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party …

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