Single-family rental market slammed by headwinds
Single-family rental investors and their lenders face challenges: rent growth is slipping, vacancy rates are growing and a possible recession looms.
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Single-family rental investors and their lenders face challenges: rent growth is slipping, vacancy rates are growing and a possible recession looms.
KBRA has assigned preliminary ratings to four classes of mortgage pass-through notes from Verus Securitization Trust 2022-6 (Verus 2022-6), a $524.5 million non-prime residential mortgage-backed securities (RMBS) transaction. Verus 2022-6 is a $524.5 million non-prime RMBS transaction sponsored by VMC Asset Pooler LLC. VMC Asset Pooler, and Verus Mortgage Capital are affiliates of Invictus Capital Partners, a real estate credit-focused alternative asset manager.
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The weighted average seasoning is 34 months, well above that of prior Invictus-sponsored deals on the Verus shelf that are typically new originations under 10 months.