Freddie Macs $1.2B CMBS Makes 6

Published April 16, 2013, 12:28 p.m. EDT

1 Min Read

Freddie Mac is back marketing its multifamily CMBS this year, the $1.2 billion K-026 certificates.

The deal is backed by 81 recently-originated multifamily mortgages and is guaranteed by Freddie Mac, according to a press release.

Wells Fargo Securities and Barclays are co-lead managers and joint bookrunners on the deal. Jefferies, Merrill Lynch, Pierce, Fenner & Smith, Morgan Stanley and RBS Securities will serve as co-managers.

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The capital structure includes two senior principal and interest classes, one senior interest only class and a junior interest only class. DBRS and Fitch Ratings have assigned preliminary ratings of ‘AAA’/ ‘AAA’ respectively, to each of the tranches. The deal is expected to price on April 18, 2013.

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