Blackstone Eyes First-Ever REO-to-Rental Securitization

devilREO

Blackstone eyes first-ever REO-to-rental securitization

March 13 (IFR) – Blackstone is preparing a first-of-its-kind securitization of REO-to-rental properties, and the deal could come later this year, according to sources with knowledge of the plans.

Word of the plans comes a week after the private equity giant got an increased bank loan from Deutsche Bank and others to expand its significant holdings of single-family homes.

Market sources told IFR that Blackstone is planning at least one securitization to help underpin its long-term financing in the REO-to-rental sector.

Blackstone and Deutsche Bank both declined to comment.

REO-to-rental is a relatively new phenomenon, as companies have bought up distressed properties – many foreclosed on in the midst of the financial crisis – in bulk.

Rest here…

~

4closureFraud.org

Comments
One Response to “Blackstone Eyes First-Ever REO-to-Rental Securitization”
  1. Mystify says:

    Black stone is evil!

Leave a Reply