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Freddie Mac Mezzanine Program Delayed

DALLAS-An eagerly welcomed mezzanine finance program from Freddie Mac has been delayed, according to experts who spoke at RealShare's Student Housing Conference. A similar program offered by Fannie Mae is up and running without any delays.

By Jennifer Duell Popovec | Updated on April 18, 2010

DALLAS-An eagerly welcomed mezzanine finance program from Freddie Mac has been delayed, according to experts who spoke at RealShare’s Student Housing Conference. A similar program offered by Fannie Mae is up and running with any delays.

The news comes just days after both government sponsored enterprises (GSEs) made formal announcements that they will allow mezzanine debt on qualifying senior multifamily mortgages (first mortgages) they purchase.

The RealShare Student Housing Conference is produced by ALM’s Real Estate Media Group. Nearly 400 people attended the event at the Four Seasons Resort and Club in suburban Dallas to hear industry experts discuss student housing trends.

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