FirstKey Lending priced a $241 million securitization of fixed rate loans it made to landlords for the purchase of single-family homes.

The senior tranche of 3.86-year, class A-1 notes, rated triple-A by Moody’s Investors Service, Morningstar and Kroll Bond Ratings Agency, pays 115 basis points over interpolated swaps, for a yield of 2.4%, according to a pricing document.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.