Freddie Mac plans to issue its third multifamily CMBS this year; a $900 million deal that will be backed by mortgages with a 5-year term.

The deal, K-502 Certificates, is backed by 41 recently-originated multifamily mortgages that are guaranteed by Freddie Mac. The capital structure includes two senior principal and interest classes, two senior interest only classes and a junior interest only class. Moody's Investors Service and Standard & Poor's have assigned ‘Aaa’/ ‘AAA’ ratings to the four senior classes of K-502 Certificates.

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