Progress Residential launching second single-family rental securitization

The fixed-rate loan will require interest-only payments and will have a five-year term. Progress 2019-SFR4 will be the 11 th KBRA-rated SFR securitization issued by Progress Residential. The underlying single-family rental properties are located in or near 17 Core Based Statistical Areas (CBSAs) across nine states.

Vision: Redevelop a run-down commercial plaza by launching a project in Avondale that could provide. in August that the county had permits pending for more than 8,000 new single-family and.

After launching its first single-family rental securitization in September 2014, Progress Residential is prepping its second such offering, which will be larger than the company’s first. progress residential issued its third securitization of the year backed by rents from a portfolio of single family homes.

Single-Family Securitized Financing: A Blueprint for the Future? Laurie Goodman Abstract In November 2013, Invitation Homes LP, the Blackstone subsidiary that is the largest of the REO-to-rental operations, completed the first securitized financing of REO-to-rental properties (Invitation Homes 2013-SFR1).

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of Progress Residential 2019-SFR4 (Progress 2019-SFR4) single-family rental pass-through certificates. Progress 2019-SFR4 is a single-borrower, single-family rental (sfr) securitization that will be collateralized by a $428.5.

Why ‘build to rent’ is having its moment. Progress Residential is also reportedly active in this space.. In total, they owned about 200,000 single-family rentals at the end of 2016, about 2% of an estimated nationwide total of 15 million, according to a report issued by Amherst Capital.

Full text: S&P downgrades the U.S. debt rating Because triple-B-rated companies, which have a massive US$3-trillion in debt outstanding, do not want to face a downgrade to junk. and the impact of a strong U.S. dollar will seriously affect the.Housing retail sales inch down Housing inventory, buyer demand are market drivers: jpmorgan strong economic growth and job creation are two main drivers of price increases. As good jobs bring new residents to a city, the strong demand for housing. Low inventory means homes are selling.Ratio of Annual Sales (Revenue) to Annual Rent. A benchmark that is increasingly being used by business decision makers is the rent to sales (revenue) ratio to measure the impact of the cost of leasing commercial real estate space (office, retail, or warehouse). This is also sometimes known as the occupancy cost ratio.

By News feed After launching its first single-family rental securitization in September 2014, Progress Residential is prepping its second such offering, which will be larger than the company’s first securitzation. Progress Residential 2015-SFR1 is collateralized by a $563 million loan secured by first priority mortgages on 4,028 income-producing single-family homes.

As a testament to the growing popularity of the single-family rental asset class, total issuance for 25 single-family securitizations in two years have amounted to $13.08 billion backed by loans.

Federal Incentives Coming for Short Sales, Deeds-in-Lieu The Federal Housing Finance Authority on Tuesday instructed Fannie Mae and Freddie Mac to develop strategies for streamlining short sales, deeds-in-lieu and deeds-for-lease in an effort to lower.

We are pleased to announce that during the second quarter, MITT, along with other Angelo Gordon funds, completed its first rated non-QM securitization in June. We provide portfolio statistics on.

Half a Million Foreclosed Properties Face Hurricane Damage  · A Boston firm that analyzes potential catastrophic damage reported that the region would lose $175 billion in a storm the size of Hurricane Katrina. A World Bank study called Tampa Bay.

The single-family residential (SFR) rental market has rapidly evolved with the acquisition, ownership and management of very large portfolios of properties by institutional investors. Securitization has developed into an efficient new source of capital markets financing to support this institutional ownership.