$745 Million Multifamily K-Deal for Freddie Mac
According to an article from Yahoo! Finance, Freddie Mac has priced a new offering of Structured Pass-Through Certificates, K Certificates, including floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). $745 million in the K Certificates will settle on or close to September 16, 2021. The K Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.
