One of the considerations was the relative safety of direct current - the first electric chair seems to have been built (and then used) to prove that alternating current was more of a killer.
This sort of structure would provide leverage relative to traditional direct lending by EFSF in that given a relatively low probability of default, the total debt that could be insured would be larger than the total that could be lent directly.
Altisource Residential hopes its strategy will result in "a lower acquisition price and therefore a higher return relative to competitors that focus on direct purchases of single-family rental properties, " according to the prospectus.