California-based Sabal Capital Partners, one of the earliest partners in Freddie Mac’s Small Balance Loan Program, broke a record this month when it sold the enterprise a portfolio of 39 small-balance loans worth $189 million. All the underlying properties are in East Harlem.

Fannie Mae stepped up its efforts to increase the supply of affordable housing, announcing earlier this week that it was increasing the loan limit for multifamily small mortgage loans from $3 million to $6 million.

Redwood Trust last week announced that it would invest as much as $78 million in a partnership seeking to acquire up to $1 billion in floating rate light-renovation whole loans from Freddie Mac. The California-based real estate investment trust says it has already funded the partnership to the tune of $20 million.

Multifamily remained a bright spot in 2018 for Fannie Mae and Freddie Mac, and observers expect that trend to continue in the new year.