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or the corporate entity has borrowed funds at the super low interest rates for general purposes which it uses for this purpose cursory google search shows $1.1
by vmception 5y ago
or the corporate entity has borrowed funds at the super low interest rates for general purposes which it uses for this purpose
cursory google search shows $1.1bn in bonds issued that way
as well as a more recent $450bn which is actually collateralized by the properties they've already bought, already in their portfolio
not even 1:1 leverage, and a far cry from the 46:1 leverage seen on the institutional side in 2008
https://aimgroup.com/2019/09/05/zillow-issues-1-1b-in-debt-as-home-flipping-arm-grows/ https://aimgroup.com/2019/09/05/zillow-issues-1-1b-in-debt-a...
https://www.bloomberg.com/news/articles/2021-08-03/zillow-450-million-bond-deal-a-first-for-big-tech-home-flippers https://www.bloomberg.com/news/articles/2021-08-03/zillow-45...