10.08.2017, 22:36
Freddie Mac Announces Pricing of $315 Million Multifamily Small Balance Loan Securitization
Source: Freddie Mac
OREANDA-NEWS. Freddie Mac (OTCQB: FMCC) announces the pricing of the SB36 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $315 million in Multifamily SB Certificates (SB36 Certificates), which are anticipated to settle on or about August 23, 2017. Freddie Mac Small Balance Loans generally range from $1 million to $6 million and are backed by properties with five or more units. This is the eleventh SB Certificate transaction in 2017.
SB36 Pricing
Class | Principal / Notional Amount (mm) | Weighted Average Life (Years) | Spread (bps) | Coupon | Yield | Dollar Price | ||||||
A-5F | $22.642 | 4.13 | S + 35 | 2.2900% | 2.1367% | $100.4872 | ||||||
A-5H | $114.080 | 4.11 | S + 49 | 2.4300% | 2.2751% | $100.4845 | ||||||
A-7F | $18.953 | 5.56 | S + 52 | 2.5300% | 2.4205% | $100.4584 | ||||||
A-7H | $21.360 | 5.51 | S + 70 | 2.7100% | 2.5970% | $100.4652 | ||||||
A-10F | $108.048 | 7.18 | S + 77 | 2.8800% | 2.7917% | $100.4749 | ||||||
A-10H | $30.260 | 7.25 | S + 92 | 3.0300% | 2.9461% | $100.4498 | ||||||
X1 | $350.381 | 4.95 | Non-Offered | |||||||||
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