B2R Finance is marketing a second securitization of loans for rental properties that is both larger and better supported than the issuer's inaugural deal.
The loans, underwritten by the sponsor, finance the purchase of single-family homes and small multifamily properties. In total, B2R Finance 2015-2 pools 211 loans that are secured by 4,272 properties. On average, loans are cross-collateralized by 20 properties. By comparison, B2R 2015-1, issued in March, pooled 144 loans, secured by 3,160 properties for a total of $229 million.