5 Tips On Crafting Loan Deals For REO-To-Rental Programs

Law360, New York (March 14, 2013, 10:33 PM ET) -- The Blackstone Group LP this week landed the first multibillion-dollar debt financing package for a real estate owned-to-rental housing program, and some experts predict the milestone will set off a wave of new deals. But pitfalls abound when crafting agreements for this new asset class.

Lately, real estate investors have been bullish on programs that snap up foreclosed single-family homes and turn them into rentals, according to experts. But while private equity players have been happily investing in a bolstered property market through these REO-to-rental programs...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers