DMT, a leading mortgage trust company, has successfully completed the largest multifamily mortgage loan securitization through Freddie Mac’s Q-Series program in the past two years. The impressive $383.5 million floating-rate Q-Deal, known as Q029, consists of nine loans secured by value-add multifamily properties located in eight different states. This marks DMT’s first issuance of a Q-Deal with Freddie Mac.
Of the nine properties securing this deal, seven were newly constructed between 2022 and 2023 while the remaining two have undergone significant renovations since their acquisition in 2021. The sponsors plan to invest additional capital into these assets for further improvements and enhancements that will drive long-term value for investors. Loan servicing for this transaction will be handled by Dwight Capital as sub-servicer.
CEO of DMT Adam Sasouness stated that this successful securitization demonstrates their commitment to supporting affordable housing within the multifamily market while also delivering strong risk-adjusted returns for investors. He also expressed excitement about continuing their partnership with Freddie Mac to provide crucial liquidity to this sector.
One of these valuable properties securing Q029 is located at 224 W.124th St., situated in Harlem (pictured above).
