Single family home rental  properties located in Florida, Georgia and Washington State will secure the latest loan Blackstone’s Invitation Homes has up for securitization.

Invitation Homes 2015-SFR2, as the deal is called, is backed by a $637 million, five-year loan underwritten by J.P. Morgan, according to Kroll Bond Ratings Agency.  The loan pays only on interest for its entire term.

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