B2R to 'make an absolute killing' on multi-borrower deal

Blackstone Schwarzman
By Ryan Bolger
07 Apr 2015

The subordinated classes of B2R Finance’s multi-borrower single-family rental securitization were oversubscribed, according to asset managers briefed on the new issuance, which was priced on Tuesday.

The $229.53m transaction was priced tighter than guidance for all but one tranche, the Class A-2 notes, which were priced at 145bp over swaps. 

Demand was stronger further down the capital stack, according to asset managers speaking before the deal was officially priced. Investors paid a premium for all ...

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