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

Law360, New York (March 14, 2013, 10:33 PM EDT) -- 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...
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