FirstKey prices market's second multi-borrower SFR ABS

rental home
By Ryan Bolger
09 Apr 2015

The second single-family rental securitization backed by loans to multiple borrowers was priced late on Thursday.

The deal, by FirstKey Lending, was priced comparably to the first such transaction that B2R Finance priced just two days earlier. Demand was especially strong for the subordinate tranches of both deals, market participants told GlobalCapital.

The new issuance totals $240.792m and includes eight tranches, though the ...

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