Las Varas Public Facility Corporation Meeting Agenda Packet April 2026
Freddie Mac to Acquire Lakeside Lofts Funding Loan
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Description
Las Varas Public Facility Corporation approved a financing structure in which the permanent Funding Loan for Lakeside Lofts will be transferred by Wells Fargo Bank to the Federal Home Loan Mortgage Corporation. Freddie Mac will ultimately hold the loan backed by the Governmental Note issued for the project.
Contract Details
Vendor
FEDERAL HOME LOAN MORTGAGE CORPORATION
Agency
San Antonio Housing Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 1, 2026
Contract Term
For the life of the Funding Loan and Governmental Note after transfer
Renewal Info
Freddie Mac’s involvement continues for the duration of the transferred Funding Loan and Governmental Note until repayment or other satisfaction under the Permanent Loan Documents.
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ONGOINGIssuing Agency
San Antonio Housing Authority
Local Housing Authority
San Antonio, TX
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