Merchants Capital (MCC), along with Merchants Bank of Indiana (MBI), announced that it has completed a $214 million Commercial Mortgage Backed Securities (CMBS) securitization of 14 multifamily mortgage loans secured by 24 mortgaged properties through a Freddie Mac-sponsored Q-Series transaction. The $214 million in loans consisted of 14 multifamily properties in Georgia, Indiana, Michigan, New York and Ohio. The developments range in size from 60 to 352 units. On a weighted average basis, the portfolio had 93.7 percent of units under 80 percent Area Median Income (AMI), 52.1 percent of units under 60 percent AMI and 26.8 percent of units under 50 percent AMI. Several properties were made possible by LIHTC and the HUD. The collateral pool is all seven-year capped adjustable-rate mortgages (ARMs), a new product for the platform.