Freddie Mac K Deal in the Works, Will Be 15th This Year

Another so-called Freddie Mac K deal is slated to price on or about Oct. 2, bringing the total of Freddie multifamily securitizations of this type in 2013 to 15.

The structured pass-through certificates transaction includes two senior principal and interest classes, one senior interest-only class and one junior IO class.

Moody's Investors Service Inc. and DBRS Inc. are rating the three senior classes of K-033 Certificates and have assigned them expected ratings of Aaa(sf) and AAA(sf).

The K-033 certificates are backed by 86 recently originated multifamily mortgages and will be offered to the market by a syndicate of dealers led by Merrill Lynch and Wells Fargo as co-lead managers and joint bookrunners.

Co-managers are Barclays Capital Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc. and The Williams Capital Group LP.

The deal is slated to settle on or about Oct. 29.