FirstKey plans to securitize 'Express' loans

rental house
By Ryan Bolger
20 Apr 2015

FirstKey Lending plans to bring a multi-borrower rental securitization backed by longer dated loans to smaller property operators than its first transaction in the space.

The company, majority owned by Cerberus Capital Management funds, brought its first deal earlier this year. That transaction was backed by 16 loans to property operators, a relatively small figure compared to the 144 loans backing a deal from Blackstone’s B2R Finance, which was priced the same ...

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