Invitation Homes opens big year for SFR ABS

By Ryan Bolger
14 Jan 2015

Invitation Homes is marketing the first single family rental (SFR) securitization of 2015, a $540.854m deal backed by a single first-lien, interest-only loan.

The transaction, Invitation Homes 2015-SFR1, is similar to Invitation Homes’ previous three deals which have been more leveraged than those of other issuers. Invitation Homes 2015-SFR1 carries a loan-to-broker price opinion value of 78.9%, according to a Kroll presale released on Wednesday.

The issuance includes seven tranches. The ...

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