Commercial/Multifamily Briefs

Freddie Mac Prices $988 Million Multifamily K-Deal

Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by fixed-rate multifamily mortgages with predominantly 10-year terms as underlying collateral.

The company expects to issue $988 million in K Certificates (K-109 Certificates), which should settle on or about May 28.

BofA Securities Inc. and Barclays Capital Inc. served as Co-Lead Managers and Joint Bookrunners. J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and Siebert Williams Shank & Co., managed the process.

Hudson Oak Launches Opportunity Fund

Hudson Oak Development, New York and Greenville, S.C., launched an opportunity fund targeting development opportunities and value-add to core-plus properties in southern and Mid-Atlantic markets with strong fundamentals that will support sustained occupancy and rent growth.

Hudson Oak’s leadership has financed, invested in, purchased, developed, constructed and managed various commercial real estate asset classes. For more information, contact Kimberly Gift at KG@HudsonOakDevelopment.com.