3 ms·
Blackstone will definitely be eager buyers at opportune times (I believe they are currently divesting their considerable stakes in low to mid market real estate
by hkmurakami 10y ago
Blackstone will definitely be eager buyers at opportune times (I believe they are currently divesting their considerable stakes in low to mid market real estate that they'd been accumulating since 2009).
- tommynicholas 10y agoThere will be limitless buyers, and because Opendoor isn't competing on price, their ability to price securities to the financial markets will be absurd. I assume they'll have to keep a token % on balance sheet to show good faith but that's it.
- hkmurakami 10y agoJust remembered -- FirstREX does exactly this. Equity financing of homes, and selling off their stakes in collateralized fashion to institutional invsetors.