Agency Lending Team Closed $8.5 Million Freddie Mac Supplemental Loan on 459 Unit Project in Texas

The Agency Lending & Affordable Housing team of Romer Debbas LLP represented a prominent lender in the closing of an $8.5+ million ARM supplemental loan originated under the Freddie Mac Optigo Seller/Servicers supplemental loans program.  The loan encumbering a 459-unit project in Texas, is one of the first supplemental-floating-rate loans behind an existing first-lien-floating rate loan closed under the program.  Typically, supplemental loans are structured as yield maintenance loans.   The transaction led by Carmen Pagan, Esq., assisted by Catherine Azevedo, Esq and other members of the group, closed on April 7, 2022.