Investor Presentaiton

Q-Deal Program Overview Underwriting Criteria Q-Deal Securitization and Structure Q-Deal Issuance and Performance Recent Transaction Highlights Appendix/Investor Resources Credit and Underwriting Loans are re-underwritten by Freddie Mac prior to securitization Q-Deal Mortgage General Guidelines Eligible Property Types • Multifamily loans secured by Conventional, Targeted Affordable Housing (TAH), SBL (minimum 5 units), Seniors Housing and Manufactured Housing Communities (MHC) properties Loan Terms • • • 7-, 10-, 15- and 30-year loan terms with 30-years of amortization 3- and 5-year terms eligible subject to Maturity Risk Analysis May contain full and partial-term interest-only loans LTV & DSCR • • Conventional/SBL/Seniors Housing/MHC - maximum loan-to-value (LTV) ratio of 80%, minimum amortized debt-service coverage ratio (DSCR) of 1.20x TAH - maximum LTV of 95%, minimum amortized DSCR of 1.05x Rehab Loans¹ Interest Rate Type • • Fixed Floating or hybrid - 30-day Average SOFR loans or, in limited situations, Term SOFR loans originated prior to December 31, 2024 Credit Support Minimum of 10% credit support via subordinate unguaranteed certificates or reimbursement agreement collateralized by cash, pledged securities or letter of credit Borrowers Single purpose entity or single asset entity is typically required for loans greater than or equal to $5 million A carve-out guarantor is generally required 1 Freddie Mac has the ability to include Rehab or Lease-up transactions in the Q-Deal execution. Please reach out to MF CM Investor [email protected] for more details. Q-Deal Program Freddie Mac Multifamily 2

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