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Freddie Mac Talks of Reinstating Programs

LOS ANGELES-A recent fireside chat between David Brickman of Freddie Mac Multifamily and CBRE's Brian Eisendrath here reveals that the GSE may bring back some value-add programs.

By Carrie Rossenfeld | Updated on March 12, 2013

LOS ANGELES-Freddie Mac Multifamily is contemplating reinstituting some value-add financing programs that had previously been stopped, Brian Eisendrath, vice chairman of CBRE, tells GlobeSt.com. Eisendrath recently had a fireside chat here with David Brickman, head of Freddie Mac Multifamily, during which Brickman discussed the programs, which include acquisition-upgrade and acquisition-rehab programs currently in the planning stages but similar to what the GSE had offered in 2007 and 2008, when CBRE clients were doing many renovations.

During the chat, an intimate client event which roughly 50 people attended, Brickman also talked about potential credit changes for 2013, says Eisendrath. “He doesn’t anticipate any additional tightening of the product parameters this year.”

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