Colony American Homes paid up for its latest securitization of single-family rental homes, which has a duration- weighted blended interest rate of LIBOR plus 188.8 basis points.

The deal, dubbed Colony American Homes 2015-1, issued $640 million of securities backed by a single floating-rate loan that pays only interest for its entire, five-year term; this loan, in turn, is secured by 3,879 single-family rental homes. 

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