CBRE Wholesale Lending funds $1.43 Million under its Freddie Mac Small Balance Loan Program

San Diego, CA – May 22, 2018 - CBRE Wholesale Lending provided a $1,431,000 loan for a 13-unit multifamily property in Lakeside, CA under the Freddie Mac Small Balance Loan (SBL) Program. The 63% LTV non-recourse loan was structured with a fixed rate for 5 years with a 30-year amortization and a step-down prepayment option.

“This cash-out refinance provided the borrower with an attractive fixed rate and one year of Interest-Only, which will significantly improve the borrower’s cash flow, allowing for additional renovations to the subject property," said Derek Hernandez, Vice President, CBRE Wholesale Lending.

About CBRE Wholesale Lending CBRE Wholesale Lending is a leading national wholesale lender that lends exclusively to banks, mortgage bankers and brokers. All loans are originated via its network of third-party mortgage bankers, brokers and banks. CBRE is a Freddie Mac Small Balance Seller/Servicer offering highly competitive rates, low closing costs, and a streamlined closing process. CBRE is also the #1 Freddie Mac Program Plus Seller/Servicer. Since joining the Freddie Mac Small Loan Balance program in April 2015, CBRE has closed more than $2 billion in small balance loans.

For more information about CBRE Wholesale Lending, or to become a correspondent, please contact:

Jeff Pirhalla, FVP Wholesale – National Accounts/Northern US. 704-350-5071 | [email protected] Darryl Boukedes, FVP Wholesale – Southern US, 704-350-5072 | [email protected] Adam Dosskey, FVP Wholesale - Northwest US, 650-241 9740 | [email protected] Derek Hernandez, VP Wholesale – Southwest US, 858-774-5962 | [email protected]