McLEAN, VA–Freddie Mac announced Friday morning that it had issued a record $68 billion in multifamily securities last year.
Broken out, the GSE issued:
- More than $56.7 billion in K-Deals
- $5.5 billion in SB-Deals
- $2 billion in KT-Deals
- $656 million in ML-Deals
- More than $3.2 billion in Q-Deals, M-Deals, Participation Certificates, SR-Deals and SCR Notes.
“We had an excellent 2017—our issuance calendar was robust and bond spreads tightened over the course of the year. Moreover, nearly a decade after K3, a landmark transaction in our K-Series, we continue to expand our securitization platform and offer new ways to transfer risk to private investors,” said Robert Koontz, vice president of Capital Markets at Freddie Mac Multifamily in a prepared statement.
Read For 2018, Freddie Mac Expects Modest Growth After Year Of Innovation
As for 2018, David Brickman, executive vice president and head of Freddie Mac Multifamily, says that the GSE is anticipate several new offerings.
In 2017, 392 different investors participated in Freddie Mac's K- and SB-Deal programs, including 268 in the K-Deal program and 174 in the SB-Deal program. An average of nearly 30 investors participated in each K- and SB-Deal. Since the inception of the modern K-Deal in 2009, the company securitized a total of $254 billion across all offerings, including $232 billion in K-Deals and $11 billion in SB-Deals. Since 2009, more than 650 different investors have participated in Freddie Mac's K-and SB-Deal programs, including 500 in the K-Deal program and over 225 in the SB-Deal program.
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