Freddie Mac has another multifamily commercial mortgage-backed securities deal set to price on or about April 18, its sixth
The $1.2 billion K-026 certificates are backed by 81 recently originated multifamily mortgages and Freddie Mac is guaranteeing the transaction, 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.
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 top preliminary ratings of AAA/AAA respectively, to each of the tranches.
