FREDDIE MAC CLOSES TWO LARGE TEXAS DEALS WITH NORTHMARQ

McLean, VA – Working with NorthMarq Capital, Freddie Mac (NYSE:FRE) recently closed two deals worth $139 million representing 14 Texas properties for borrower Birchmont Capital.

"In the midst of the current capital crisis, Freddie Mac once again showed how it not only provides stability, liquidity, and affordability to the market, but how it is opening up opportunities to new borrowers," said Rich Martinez, Freddie Mac Central Region managing director. "Freddie Mac was able to demonstrate to a borrower who had no previous experience with it how reliable, efficient, and capable it is."

"Freddie Mac's Central Region personnel worked very hard to deliver the loans as quoted during a time when credit market conditions were deteriorating rapidly," said NorthMarq Senior Vice President Greg Duvall. "Their excellent service was critical to the successful consummation of these transactions."

After rate-locking an original $56 million pool of six mortgages, Birchmont added an additional pool of nine mortgages, which Freddie Mac rate-locked, less than one month later. For the second transaction, Freddie Mac delivered $83 million in funding enabling Birchmont to acquire nine properties made up of 2,488 units in Dallas, Houston, and San Antonio, Texas.

"Freddie Mac's execution on this deal was flawless," said David Walker, principal of Birchmont Capital. "They performed in an extremely professional, timely, and consistent manner from start to finish. We look forward to completing many more deals with Freddie Mac."

Since the introduction of the Freddie Mac Program Plus® network of multifamily loan originators and servicers in 1993, Freddie Mac has provided financing for approximately 55,000 multifamily properties totaling more than $189 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-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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