Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Guggenheim Securities, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated will serve as co-managers. The K-712 Certificates are backed by 74 recently-originated multifamily mortgages and are guaranteed by Freddie Mac. The K-712 Certificates include two senior principal and interest classes, a senior interest only class and a junior interest only class. Rating agencies Standard & Poor's Ratings Services and Morningstar Credit Ratings, LLC have been engaged to rate the three senior classes of K-712 Certificates, which are each expected to receive a rating of "AAA(sf)" and "AAA", respectively, subject to on-going monitoring. Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities. K Certificates feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-Deals include guaranteed senior principal and interest, and interest only classes.