Mid-size SFH Portfolio Lending

[Tiffany Shan]

Hi-

Apologies if this is a dumb question! My colleagues and I are trying to figure out how people with a mid-size (let's call it between 100 and 1000) single family home portfolio handle financing. 

I've read over the strategies a single investor can use as he goes from 1 to even a few dozen homes, and I've been following the Blackstone security issuance with great interest, but what do you do when you're not huge enough to issue something that looks like CMBS, and you're too big to go get an individual mortgage on every home?

Or are there basically no operators in that range?