CBRE Office OK'd for Freddie Program Plus

The Washington, D.C., office of Houston-based CBRE/Melody has been approved as a member of Freddie Mac's multifamily Program Plus network, making it eligible to sell loans secured by multifamily properties in Maryland, Virginia, and the District of Columbia.CBRE/Melody has been a national member of the program since the early 1990s, the firm said. "We are very active in the mid-Atlantic region, having arranged over $2 billion in multifamily financings over the past two years," said Joe Donato, a CBRE/Melody senior director for the region. "This approval will provide us with another valuable tool to meet the financing needs of our clients." Program Plus lenders must meet Freddie Mac's standards for both origination and servicing of multifamily loans.