Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 246

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 9B
Chunk 246
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IH 2017-1(3)April 28,2017June 9,20274.23%$988,271 $990,555 IH 2018-4(4)November 7,2018November 8,2024N/A— 643,030 Total Securitizations988,271 1,633,585 Less: deferred financing costs, net (4,347)(6,329)Total $983,924 $1,627,256 (1)Outstanding principal balance is net of discounts and does not include deferred financing costs, net.(2)IH 2017-1 bears interest at a fixed rate of 4.23% per annum, equal to the market determined pass-through rate payable on the certificates including applicable servicing fees. The interest rate for IH 2018-4 was based on a weighted average spread over a published forward-looking SOFR for the interest period relevant to such borrowing (“Term SOFR”) adjusted for an 0.11% credit spread adjustment. (3)Net of unamortized discount of $880 and $1,232 as of December 31, 2024 and 2023, respectively.(4)Maturity date represents repayment date.Securitization TransactionsIH 2017-1 is a 10 year, fixed rate mortgage loan comprised of two components, and Component A of IH 2017-1 benefits from the Federal National Mortgage Association’s guaranty of timely payment of principal and interest.Each mortgage loan is secured by a pledge of the equity in the assets of the respective Borrower Entities, as well as first-priority mortgages on the underlying properties and a grant of security interests in all of the related personal property. As of December 31, 2024 and 2023, a total of 5,592 and 10,581 homes, respectively, with a gross book value of $1,054,239 and $2,348,044, respectively, and a net book value of $687,487 and $1,779,169, respectively, are pledged pursuant to the 

F-22

INVITATION HOMES INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(dollar amounts in thousands)

mortgage loans. Each Borrower Entity has the right, subject to certain requirements and limitations outlined in the respective loan agreements, to substitute properties. We are obligated to make monthly payments of interest for each mortgage loan.Transactions