Biggest Bulk Purchase of “Bank-owned to Rental” Homes to Date

 It was said to be the biggest, or one of the biggest bulk purchases of ‘REO to Rental’ properties ever. This bulk purchase in April 2013 included 1,400 bank-owned homes in Atlanta. And the buyer? Blackstone of course, for $100 MM. 

Blackstone, the largest real estate private equity in the U.S., has been busy snatching up homes in various U.S. markets, to the tune of approximately 20,000 single family homes in the past 18-24 month timeframe. This activity by Blackstone and other large, U.S. hedge funds has made the area of residential real estate investing very competitive, particularly among the smaller groups of investors. For this reason, many of the smaller groups of real estate investors have set their sights on new markets to exploit for appreciation potential.  

Because cash buyers can squeeze out even more buyers, our real estate loans have helped many real estate investors in this competitive landscape. Because many of our clients are doing multiple property purchases simultaneously, our private money, real estate loans have enabled them to remain competitive.  And because we lend in multiple, U.S. markets, we are able to accommodate our clients who are setting their sights on various cities for real estate investing.

Make sure we are in your book of contacts. If you’ve never done a private money, or hard money loan before, take a look at our ‘Hard Money 101’ at this link and learn what it’s all about: http://privatemoneyutah.com/hard-money-101/