Invitation Homes ( (INVH) ) just unveiled an update.
Invitation Homes Inc., through its joint venture SFR Javelin Venture LLC, has successfully completed a significant securitization deal, securing a $891.9 million fixed-rate loan backed by a collateral pool of 2,600 homes. The venture, in which Invitation Homes holds a 20% interest, will use the loan proceeds for repaying debt, funding reserves, and general corporate purposes. The deal involves risk retention through Class G Certificates and limited guaranties provided by Invitation Homes Operating Partnership LP.
For a thorough assessment of INVH stock, go to TipRanks’ Stock Analysis page.
