American Residential Properties’ ARP1-2014-SFR1 priced with mixed results on Thursday with most tranches pricing at wider levels than Invitation Homes latest deal that was issued at the beginning of August, a person familiar with the deal said.

The deal follows the same large loan structure used by previous deals to come to market issued by Blackstone's Invitation Homes, Colony American Homes and American Homes 4 Rent.   ARP1-2014-SFR1 is backed by a single loan that is secured by a pool of 2,880 of single-family rental properties.  The floating-rate loan pays only interest for its two-year term and is extendable to a total of five years.

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