Merchants Capital Completes $303M Securitization of 11 MF Loans

Merchants Capital completed a $303 million securitization of 11 multifamily housing loans via its fourth Freddie Mac-sponsored Q-Series transaction. The loans ranged from $4 million to $62 million and were used for the acquisition or refinance of multifamily properties spanning eight states. Most of the properties are workforce housing developments, with a significant portion of the units comprising less than 80% of the area median income.

This is Merchants’ fourth Freddie Mac Q transaction in the last two and a half years, totaling $1.1 billion in real estate loans securitized nationwide. “Executing on this securitization shows our strength and performance as a regional bank in this volatile financial climate,” said Evan Gibson, Merchants Capital’s SVP and head of Capital Markets. “In a down year for commercial real estate (CRE) securitizations, Merchants is completing complex securitizations to finance affordable housing in a responsible manner. We are proud to continue growing our relationship with Freddie Mac.”