We feel it is important to understand what bridge financing represents and what type of borrowers and clients borrow bridge loans and why. Wingman Fund and its principals have been lending their own and investors’ money through this investment strategy since 2001, and have extensive experience in underwriting, lending, specialty asset management, and servicing of mortgage loans. Since the 2009 financial crisis banks have been spending more time with loan compliance than lending. There are many voids in the market place that exist due to heavy compliance where often banks cannot make common sense decisions even with loans that have significantly lower leverage to lend to a borrower. Often examples come up as a credit score outside of guidelines or the way the income is calculated. Bridge loans are meant to be a short- term answer to lending and are typically for 6 – 24 months to allow a client to properly prepare for a bank take out loan.

The bridge and mezzanine products were launched in 2001 initially in California and Nevada and then to other geographic locations in the United States such as Texas, Arizona, Washington, and Georgia. Majority of the debt placement has been focused in non-owner occupied residential real estate as well as multifamily assets, with select commercial placements at lower leverage.

Unlike the typical strategies of a private placement fund focused on equity of the property, Wingman Fund tailors each loan placement based on the current exit strategies available in the market through banks and other financial institutions. Lending on commercial assets would be restricted to the maximum leverage that the exit financing would allow based on the appropriate debt service constraints with the presumed and stressed underwriting rate which would depend on the take- out timing. The third party underwriting and origination teams, have a unique in-site into market based exit financing by having a brokerage as well as a mortgage bank whose primary focus is the exit financing for residential and commercial mortgage debt.

Thorough Analytics from Wingman Fund and the team. The principals fund most transactions prior to selling the interest in the notes. If Wingman Fund is not comfortable with any part of the loan, the loan will not be funded.
Wingman Fund services all loans which means we issue mortgage statements to borrower, follow up on payments and advise clients when their loans are going to mature.
Investors receive payments by the 15th of each month after Wingman Fund assures the payments have cleared the bank account.
Investors receive monthly reports illustrating the loan investments in a portfolio summary.
Wingman Fund will handle all special servicing in the event of a default
Wingman Fund offers special assets and management services if needed.

Maximum Loan to Value: No more than 70% of Wingman Fund accessed value.

Interest in Notes: Notes can be funded individually or in syndication with other partners

Investor requirements: Accredited Investors Only

Target Investor Returns: 8% + Annual Return on Investment (Unleveraged)

Default Interest: In the event of default the default rate paid to the investor will be approximately 5% in addition to the “Target Returns.”

Exit Strategy: The refinance or resale of the property.

 Servicing Fee: 0.3%

How do I earn returns from this investment?

You earn returns primarily in two ways: (A) via quarterly dividends and (B) via appreciation in the value of the shares of your investment. These returns ultimately come from the individual real estate assets in your portfolio – interest or rental income collected, as well as potential appreciation in the property’s value. As a shareholder, you are entitled to your pro-rata portion of any returns. Actual results may vary and there can be no guarantee of enhanced returns due to investing on Fundrise or the use of Fundrise Advisors’ services.

What am I investing in?

You are investing in a diversified portfolio of real estate projects located throughout the United States that our team identifies, acquires, and manages on your behalf. The approximate current allocation is displayed in the Portfolio section above. However, you should expect it to grow and change over time as we acquire more projects, and others are sold or pay off.