In Brief: Freddie Closes $65M Credit Enhancement

Freddie Mac and Glaser Financial have closed a credit enhancement of $65 million in financing of assisted-living facilities for Chicago senior citizens.

The enhancement replaces original letters of credit on $33 million of bonds issued by the Illinois Development Finance Authority and $32 million of bonds issued by the Housing and Redevelopment Authority of the Village of Lisle.

The transaction involves variable-rate, tax-exempt securities.

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