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.
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.
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
Investment Grade Approach to Ultra Short Duration