Fairfield Residential Holdings has closed a newly formed $300 million multifamily debt joint venture to invest in multifamily debt through the Freddie Mac “K Note Program.”
The Fairfield Debt Joint Venture’s strategy is to invest in the subordinate tranches of securitized Freddie Mac debt pools. The first investment was acquired in December 2020 and is the firm’s first investment of its kind since 2012. The Fairfield Debt Joint Venture seeks to invest in only multifamily debt through the Freddie Mac K Note Program.
Greg Pinkalla, CEO of Fairfield, said, “We are excited to re-enter the multifamily debt space via the Freddie Mac K Note Program. As a major borrower in the U.S. multifamily space through our various acquisition strategies, our extensive relationship with Freddie Mac and our fully integrated multifamily platform all make Fairfield uniquely positioned to invest in this strategy. We believe the attractive risk-adjusted returns combined with a U.S. mu
