B2R Finance chalks up rental loans for multi-borrower securitization
Blackstone Group’s buy-to-rent mortgage unit, B2R Finance, which closed its first residential loan in February, intends to source enough supply for a first-of-its-kind securitization of around $300m.
B2R is primarily making loans between $500,000 and $50m. It has seen the most demand for loans under $3m, according to people familiar with the firm's plans to originate to securitize.
Select loans would be packaged into a conduit style, multi-borrower deal as large as $300m. That size deal ...Already a subscriber? Login