Freddie Mac Prices $634 Million Multifamily K-Deal, K-F56

MCLEAN, Va., Dec. 18, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with ten-year terms. The approximately $634 million in K Certificates (K-F56 Certificates) are expected to settle on or about December 28, 2018.

Full ArticleTue Dec 18, 2018 2:55pm EST

BERKADIA, JEFFERIES AND RIVERSIDE CAPITAL SECURE OVER $12.6 MILLION IN FINANCING FOR MULTIFAMILY PROPERTY IN CALIFORNIA

Richmond, VA, Dec. 18, 2018 (GLOBE NEWSWIRE) -- Berkadia Commercial Mortgage, Jefferies and Riverside Capital announced the financing of Fairwood Apartments, a garden-style multifamily property in Carmichael, California (Sacramento County). The deal consists of a $12.6 million Tax Exempt Fannie Mae Mortgage Backed (M-TEBS) bond transaction with four percent low-income housing tax credits (LIHTC), which funded approximately $6.4 million in equity. As part of the deal, the project will have a new 20-year HUD rental assistance contract, meaning that none of the 86 households will have to pay more than 30 percent of their income towards rent. The closing of this financing preserves Fairwood Apartments as an affordable housing asset for the long-term.

Full ArticleTue Dec 18, 2018 2:45pm EST


Global Markets | Trending Ideas & Opinions Stream

Islandsbanki hf.: Concludes covered bond offering

Íslandsbanki hf. has today concluded an offering of covered bonds.

Full ArticleTue Dec 18, 2018 12:03pm EST

Matador Resources Company Announces Extension of Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026

DALLAS--(BUSINESS WIRE)-- Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has extended its offer (the “Exchange Offer”) to exchange up t

Full ArticleTue Dec 18, 2018 6:45am EST

Guggenheim Investments Announces Launch of Guggenheim Ultra Short Duration Fund

Investment Grade Approach to Ultra Short Duration

Full ArticleMon Dec 17, 2018 3:33pm EST

Half-year report - Downing ONE VCT plc

Downing ONE VCT plc

Full ArticleMon Dec 17, 2018 12:33pm EST