Investor Presentaiton
Q-Deal Program
Overview
Underwriting Criteria
Q-Deal Securitization
and Structure
Q-Deal Issuance and
Performance
Recent Transaction
Highlights
Q-024 | Transaction Highlights
Overview of Deal Structure (Pricing Date: November 9, 2023)
Class
Initial Principal
Amount
Pricing
Spread
Assumed
Weighted
Average Life
Offered Q-024 Certificates:
A
X
Total Guaranteed
$134,557,742
$134,557,742
$134,557,742
S+94
Non-Offered
12.91
12.91
Deal Characteristics¹
Collateral Type Multifamily LIHTC Loans
Initial Underlying Pool Balance $134,557,742
Mortgage Loans
Rating Agencies
34
Not Rated
WA Initial Fixed Mortgage Interest Rate
2.504%
WA DSCR
1.26x
Structural Diagram
Cedar Rapids
Bank and
Trust
(Mortgage
Loan Seller)
CBRT
Multifamily
Mortgage
Loan Trust
2023-Q024
(REMIC
Trust)
Freddie Mac
SPC Trust
Series Q-024
Class A, X
Appendix/Investor
Resources
PNC Capital
Markets
(Lead
Manager
and
Bookrunner)
Breakdown of Investors (A and X Classes)²
WA LTV 74.5%
WA Original Maturity 195 Months
Waterfall Structure Pro Rata
Top 5 State Concentrations VA (28.9%), TX (15.0%), GA (9.6%),
OH (7.3%), ND (6.0%)
Bank
100%
1 As of the Cut-off Date
Q-Deal Program Freddie Mac Multifamily
2 As of the Closing Date
Investors
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