Deutsche Bank financing may facilitate first REO-rental bond

NEW YORK, April 19 (IFR) - A US$100m loan facility made by Deutsche Bank to California-based asset manager Five Ten Capital this week will facilitate the creation of the first-ever REO-to-rental bond because it is backed by actual mortgages rather than an equity pledge, allowing for the creation of a so-called real estate mortgage investment conduit (Remic) structure.