Product Combo Provides Funding
Four property pool
Massachusetts, Minnesota, Missouri
|Loan/Deal Type:||Freddie Mac Capital Markets Execution|
|Number of Units:||1,617 units|
|Loan Amount:||$100 million|
Combining the Freddie Mac Capital Markets ExecutionSM (CME) pilot product and a capped Freddie Mac Adjustable-Rate Mortgage (ARM) helped Holliday Fenoglio Fowler (HFF) provide $100 million in financing to a large investment fund to refinance four properties in Massachusetts, Minnesota and Missouri.
The pool of properties represents a total of 1,617 units.
Freddie Mac delivered exactly what it said it would, and the transactions were a great success.
senior managing director, Holliday Fenoglio Fowler
"This was a very hotly contested portfolio financing which ultimately took advantage of two of Freddie Mac's strongest product lines – 10- and seven-year CMEs, and a capped ARM," said Mike Kavanau, HFF senior managing director. "Freddie Mac’s willingness to provide full access to the decision makers was a huge factor in the borrower’s decision. In the end, Freddie Mac delivered exactly what it said it would, and the transactions were a great success."
The Freddie Mac CME pilot product connects you to the capital markets via a securitization, typically providing lower interest rates over a portfolio execution. The Freddie Mac ARM is ideal for taking advantage of lower short-term rates with prepayment flexibility.
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