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Hannon Armstrong JV acquires B-Piece KG series securitization

  • Hannon Armstrong (NYSE:HASI) and Morgan Properties, a real estate and management company, form a new joint venture to acquire the B-Piece from Freddie Mac's previously settled KG series focused on environmental and social impact and part of Freddie's flagship K-Deal program.
  • The issuance, K-G02, is exclusively comprised of securitized workforce housing loans made through Freddie's Green Advantage program, which requires borrowers to make energy and/or water efficiency improvements to their properties.
  • At closing, the total loan balance represented by the K-G02 Multifamily Mortgage Pass-Through Certificates was ~$544M and the unguaranteed B-Piece that Hannon Armstrong and Morgan Properties acquired had a face amount of ~$41M. 

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