Company: INVH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001687229-25-000008
Chunk: 168

Company: Invitation Homes Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 15
Chunk 168
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DateInterestRate(2)December 31,2024December 31, 2023IH 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,