Tom Barrack’s Colony Capital LLC is teaming with two other single-family rental-home landlords to offer as much as $1 billion in loans to similar operators this year, said three people with knowledge of the agreement.

Colony’s partner in the venture is San Francisco-based Dwell Finance LLC, said the people, who asked not to be named because the deal is private. The loans of as much as $100 million, and for as much as 70% of the value of the properties, will last as long as five years, according to the website for Dwell. The lender was formed by Gregor Watson and Rob Bloemker, founders of two single-family rental companies with almost 4,000 homes between them.

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