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Invitation Homes unit pays down $510 million of securitization loan
By Susanna Moon
Chicago, May 10 – Invitation Homes Inc. said wholly owned subsidiary 2014-3 IH Borrower LP prepaid about $510 million of debt under the loan agreement with German American Capital Corp.
The voluntary prepayment reduced the company's IH 2014-SFR3 securitization to about $251 million, according to a company announcement.
The company said it prepaid the loans using proceeds of the company's securitization transaction involving certificates guaranteed by Fannie Mae and a related loan between 2017-1 IH Borrower LP, a subsidiary of the company, and Wells Fargo Bank, NA for a $999,999,713 10-year fixed rate loan.
Invitation Homes is a Dallas-based property manager.
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