Freddie Mac

Overview

The Federal Home Loan Mortgage Corporation holds the senior position on Artimus Construction's roughly $90 million financing for the Douglass Street Apartments at 164 4th Avenue in Gowanus, a 160-unit tower that is 30 percent affordable. The $74.75 million piece reached it through two assignments recorded the same day in June 2026: originated by JPMorgan Chase Bank, assigned to CPC Mortgage Company LLC, and assigned on to Freddie Mac — the standard route by which a bank construction loan becomes agency permanent debt.

Source: Freddie Mac Multifamily

Transactions Tracked

164 4th Avenue Loan Assignment (Jun. 2026) $74.75M

Lender

Named as party2 (assignee) on the final assignment in the chain (ACRIS doc 2026061500224014), confirming it holds the $74.75M senior position originally recorded to JPMorgan Chase Bank, N.A.

Known Entity Names on ACRIS Records

• Federal Home Loan Mortgage Corporation (Freddie Mac) — Full legal name as recorded on ACRIS Freddie Mac's full legal name. ACRIS records it with the common name in parentheses.

Sources

1. ACRIS Document Detail -- assignment of mortgage, $74,750,000 position — NYC ACRIS
2. Freddie Mac Multifamily — Freddie Mac

The senior position on 164 4th Avenue, which Freddie Mac holds following two recorded assignments. The $15.5M piece of the same financing is held directly by The Community Preservation Corporation and is not counted here.