Seeking Alpha

Silver Bay latest to securitize rental payments

Silver Bay Realty Trust (SBY -0.2%) opens up a new source of funding with the sale of $312M of paper backed by rental payments on its single-family home portfolio. The blended effective rate of the deal is reportedly at Libor plus 1.92%.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs