In SB Certificates℠, Freddie Mac guarantees senior classes of securities issued by third-party trusts and backed by Multifamily Small Balance Loans (SBLs). SBLs generally range from $1 million-$6 million and have five or more units. SBLs are underwritten by Freddie Mac at the time of origination for sale to Freddie Mac by a specialty network of Lenders or SBL Lenders. Freddie Mac may also purchase for securitization seasoned SBL loan pools in whole loan sales. Unlike K Certificates® and other Multifamily securities, Freddie Mac generally does not issue structured passthrough securities in SB-Deals®. The third-party trust issues the senior classes of securities guaranteed by Freddie Mac as well as unguaranteed subordinate securities.
SB Certificates are generally structured as follows:
Find the below items on the Lookup Tools page.
You will need to enter the SB-Deal Series Number, e.g., SB002.
Master servicer updates, the latest findings from our research team and online tools, all in one place.
LIBOR is being phased out and we are moving towards an alternative index for new floating-rate loans.
Send us your questions and comments about Multifamily investment opportunities.