FREDDIE MAC ANNOUNCES PURCHASE OF $130 MILLION MORTGAGE FROM COLLATERAL REAL ESTATE CAPITAL

McLean, VA – Freddie Mac announced that it has recently purchase a $130 million mortgage from Collateral Real Estate Capital that enabled the repeat borrower to acquire eight seniors housing properties, comprising 1,365 units in Florida, Virginia, Colorado and Ohio. The transaction involved Freddie Mac's standard delivery execution with 70 percent loan to purchase.

"The seller gave Freddie Mac upfront all the information that we needed to make a fast and reliable investment decision," said Mitchell Kiffe, Freddie Mac Multifamily vice president of Flow Sourcing."From the time we first heard about the transaction to the closing of the loans was less than two months. The properties were purchased by a repeat Freddie Mac borrower with international equity sources who teamed up with a well-respected operator of seniors housing, highlighting the growing sophistication and globalization of the seniors housing market."

"Freddie Mac delivered a flawless execution on a loan portfolio that involved three Freddie Mac regions," said Scott Kavel, managing director, Seniors Housing, Collateral Real Estate Capital."The Freddie Mac teams in the Central, Western, and Southeast regions were focused, coordinated, and responsive throughout the process, allowing Freddie Mac and Collateral to meet the extremely tight closing requirements."

The properties consist of 810 units (60 percent) used for independent living and 551 units used for assisted living, and the Virginia property may expand by 95 units within the next 12 months.

Since the introduction of the Freddie Mac Program Plus network of multifamily loan originators and servicers in 1993, Freddie Mac has provided financing for over 40,000 multifamily properties totaling more than $100 billion.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters.

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