Merchants Capital Secures $303M in 11 Multifamily Loan Securitization

Merchants Capital Secures $303M in 11 Multifamily Loan Securitization

Merchants Capital, a regional bank, has successfully completed its fourth Freddie Mac-sponsored Q-Series transaction worth $303 million. The securitization involved 11 multifamily housing loans ranging from $4 million to $62 million and spanning across eight states. These loans were utilized for the acquisition or refinancing of multifamily properties, with most of them being workforce housing developments catering to individuals earning less than 80% of the area median income.

According to Evan Gibson, Senior Vice President and Head of Capital Markets at Merchants Capital, this achievement showcases their strength and performance in a volatile financial climate. Despite a challenging year for commercial real estate (CRE) securitizations, Merchants has successfully completed complex transactions that support affordable housing in a responsible manner. This latest success adds up to their total nationwide securitized real estate loans worth $1.1 billion over the past two and half years through their partnership with Freddie Mac.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts