CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged $12 million in debt financing for the acquisition of five multifamily projects totaling 550 units in metropolitan Atlanta, GA. FIDES worked on behalf of the borrower, The RADCO Companies, to secure floating rate bridge financing through a financial institution. The five properties are underperforming but are being acquired at a low basis, and will require significant capital, marketing and management repositioning to restore their market competitiveness. "We identified an entrepreneurial lender that could understand the story and move quickly, as some of the assets were coming out of a court appointed sale." said Greg Longoria of FIDES.