Sabal Investment Holdings (SIH) has successfully completed a series of five B-piece investments, totaling $2 billion in collateral balance and $203 million in bond balance. These investments were made through three different Freddie Mac Multifamily programs: SB-Deals, K-Deals, and Q-Deals.
The SB-Deals program consists of 338 loans with a total bond balance of $90 million and collateral balance of $933 million. SIH also closed one B-piece investment within the K-Deals program for a total bond balance of $58 million and collateral balance of $769 million across 20 loans. In addition, the Q-deals transaction involved 11 loans with a combined bond balance of$55millionandcollateralbalanceof$304million.
According to Drake Ayres, managing director at SIH based in Irvine,”We continue to actively seek out strong investment opportunities within the workforce housing sector as we believe it is more resilient against economic downturns compared to other asset classes.”
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