Fidelis Investors has closed its third rated residential transition loan (RTL) securitization, a $143.925 million deal backed by 330 loans originated by 29 lenders, the company announced Friday.
The transaction, FIDL 2026-RTL1, is a two-year revolving securitization rated by Morningstar DBRS. The origination of the underlying RTL collateral was completed by Unitas Funding LLC, a wholly owned subsidiary of Fidelis. Additional eligible RTLs can be added during future transfer periods, subject to the deal’s eligibility criteria.
RTL securitizations pool short-term loans used to finance the acquisition and rehabilitation of residential properties, often by fix-and-flip or bridge investors. For housing details ⇒
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