Aimee Cummo, partner in the firm’s Finance Group, was quoted in IFLR’s article, “Can Rental Securitization Revive U.S. Housing?”
The article discussed the rental securitization industry, how it’s viewed as a potential growth for the housing market, common misconceptions and potential threats to its success.
“Even in securitization where the collateral is the mortgage, the debt service on the bond is paid by the cash stream coming off the rent,” Cummo said. “Short of securitization, institutions are providing financing for residential rental properties on a bridge loan basis and those loans are either secured by mortgages or by the rental stream directly.”
IFLR is a financial law publication that covers international finance in financial institutions, corporations and private practice.