Commercial-Multifamily Briefs from Freddie Mac, Eastern Union

Freddie Mac Prices $1.4 Billion Multifamily K-Deal, K-128

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

The company said it expects to issue $1.4 billion in K Certificates (K-128 Certificates), which should settle on or about April 29, 2021.

Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co. served as Co-Lead Managers and Joint Bookrunners. Brean Capital LLC, Citigroup Global Markets Inc., Samuel A. Ramirez & Company Inc. and Wells Fargo Securities LLC co-managed the process.

Eastern Union Develops Technology that Identifies Best Rates on CRE Mortgages

Eastern Union, New York, introduced new lender locator technology that improves the company’s capacity to provide owners and other clients with a comprehensive picture of lender options for prospective transactions anywhere in the United States.

The proprietary technology, AskQTS, leverages artificial intelligence and machine learning to pinpoint specific banks that may be interested in virtually any particular commercial real estate deal anywhere in the United States, along with the projected rates and terms these banks would offer.

“QTS” stands for quotes and term sheets.

Eastern Union Vice President for Data and Technology Asher Samberg leads Eastern Union’s AskQTS initiative.