Fidelis Investors, an alternative asset manager with more than $1 billion in assets under management, on Wednesday announced the closing of its second-rated securitization of residential transition loans (RTLs)

The deal, which was reportedly oversubscribed in every tranche by new and returning investors, follows Fidelis’s first securitization in February 2025. The deal represents another milestone in Fidelis’s ongoing effort to bring greater scale, structure and transparency to the RTL market, while expanding institutional access to housing rehab financing.

Rated by Morningstar DBRS, it’s a $144.525 million, two-year revolving securitization backed by 308 RTLs originated by 24 different lenders.

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