Lending on SFRs vs traditional MF
Looking at Debt Yields for recent Single-Borrower SFRs vs someMF securitizations and the Debt Yields on the SFRs are much lower than the traditional MF deals.
I'm talking about sub-5.00% vs. ~7.00%
Can someone explain why investors are willing to accept much lower DYs on SFR deals than good ole Freddie Mac K-deals, which are like the lowest risk RE deals that exist and have proven track records through multiple downturns???