August 17, 2020
Freddie Mac Multifamily’s transition from LIBOR- to SOFR-indexed floating-rate loans and Small Balance Loan hybrids is right around the corner. As a reminder, starting on September 1, all new floating-rate quotes will be for SOFR-indexed loans and we will no longer issue new quotes indexed to LIBOR (or issue new applications for LIBOR-indexed SBL hybrids).
To support a smooth transition, we’ve scheduled two SOFR Overview Webinars for your production and underwriting teams.
Here are critical LIBOR transition dates to get your deals across the finish line:
*Note: these dates are outside dates; a specific LIBOR-indexed loan may be subject to earlier deadlines.
As always, we value your business, partnership and commitment and look forward to a smooth and successful transition to SOFR.
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