Good Luck to anyone that becomes any of these hedge fund tenants!
Reuters-
Blackstone is preparing a first-of-its-kind securitization of REO-to-rental properties, and the deal could come later this year, according to sources with knowledge of the plans.
Word of the plans comes a week after the private equity giant got an increased bank loan from Deutsche Bank and others to expand its significant holdings of single-family homes.
Market sources told IFR that Blackstone is planning at least one securitization to help underpin its long-term financing in the REO-to-rental sector.
Blackstone and Deutsche Bank both declined to comment.
[REUTERS]
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A new commodity: “Kicking Families to the Curb for Fun & Profit” People Farming: the New Wave Debt Slave!
Thick-skinned entrepreneurs wanted to ‘slick willy’ families out of their homes by creation of ‘fraud forged docs,’ then re-securitizing & renting their self-same homes back to them. Low risk business investment bonds for 1% investors, fully guaranteed by TBTF under protection of the ‘new law: no law,’ fully enforced by the United States Department of Justice, and fully endorsed by Hud’s Shaun Donovan, FHFA’s Ed De Marco, and the OCC.
Coming to your Hometown. To take advantage, call your Servicer today!
Has anyone noticed that Deutsch Bank is financing Blackstone into securitizing its acquisitions; this is the same Deutsche Bank that is the securitization trustee on a large number of the failed toxic mortgages now in foreclosure that brought our economy down. Look up a dozen foreclosure cases, there’s a good chance that many of them will have Deutsche Bank as Plaintiff. They murder the real estate market then the feed off of the carcass like a vulture. It’s disgusting.