General World News

Progress Residential unveils 36th private-label SFR offering 

Another single-family rental (SFR) securitization deal sponsored by a large institutional player, Progress Residential, is slated to hit the private-label market this month, bringing the total securitization-deal count for Progress to seven so far this year.

This latest transaction, Progress 2022-SFR7, will be secured by a single $426.8 million fixed-rate loan backed by mortgages on 1,434 single-family rental (SFR) homes. The deal represents Progress’ 36th securitization to date, with a total note issuance of $20.5 billion, according to a bond-presale report by the Kroll Bond Rating Agency (KBRA).

The homes in SFR mortgage pool backing the note to be issued through the securitization are in 11 details ⇒

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