The deal will settle on or about Feb. 20.
Seventy-six recently originated multifamily mortgages guaranteed by Freddie Mac back the certificates. JPMorgan Securities LLC and Jefferies LLC are co-lead managers and joint book-runners. Guggenheim Securities, Merrill Lynch, Wells Fargo Securities and The Williams Capital Group LP will serve as co-managers.
The K-036 Certificates include two senior principal and interest classes, one senior interest-only class and one junior IO class. Fitch Ratings and Moody's Investors Service are rating the three senior classes of K-036 Certificates and anticipated giving them their respective top ratings subject to ongoing monitoring.
K-deals transfer a portion of multifamily mortgages' risk away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds in transactions.