FeatherStone Investment Group Unlocks REO-To-Rental Investment Market

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The size of the FeatherStone Investment Group deal is expected to be around $100 million to $300 million.

FeatherStone Investment Group (FIG) announced today a new program designed to provide liquidity to the REO-To-Rental market. Other securitized REO-To-Rental deals currently being considered only pay investors coupon and principal payments derived from rents on the properties. FeatherStone’s program allows investors to participate in both the immediate rental cash flow as well as the potential capital gains from the sale of the component properties in the deal.

The bonds issued through FeatherStone’s program are anticipated to have a 5 year maturity, a floating rate coupon, and at least one rating by a major ratings service. The firm anticipates announcing final details of the offering in the coming weeks. FeatherStone Investment Group working in conjunction with several strategic partners has built a platform to efficiently source, manage, finance, and securitize these assets into a new class of securities.

FeatherStone Investment Group is in negotiations to bundle monthly rental payments on about 1,000 to 3,000 homes. The size of the FeatherStone Investment Group deal is expected to be around $100 million to $300 million.

FeatherStone Investment Group (FIG) assembles single-family rental properties into pools and issue securities to investors in the secondary mortgage market as a Real Estate Mortgage Investment Conduit (REMIC).

FeatherStone Investment Group also announced that Kevin Blaser has joined the firm as the Managing Director – Structuring and Trading. Mr. Blaser brings over 20 years of fixed income experience, namely in the structured finance space. Mr. Blaser will be in charge of all new securitizations of FeatherStone’s REO-To-Rental portfolio and secondary trading activities of the firm.

Contact Information
Kevin Blaser
kblaser(at)featherstone-ig(dot)com
888-797-6175

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