Cerberus gets new Auburn buy-to-let deal away

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By David Bell
13 Feb 2017

US private equity firm Cerberus Capital Management sold the latest piece of its Capital Home Loans buy-to-let mortgage portfolio in a new securitization deal last Thursday, with pricing of the deal suggesting demand is strong for scarce BTL collateral.

Cerberus sold four tranches of paper, totalling £872.5m ($1.09bn), in Towd Point Mortgage Funding-Auburn 11, backed by mortgages originated by the Capital Home Loans platform that the private equity firm acquired in two parts in 2015 and 2016.

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