CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") is pleased to announce that it has arranged the financing of a $4.3 million sub-performing note purchase on a Holiday Inn Express in Georgia. The note was acquired by one of FIDES' clients that has purchased or developed more than $300 million of hotel properties and first mortgage notes. "Our client needed a quick execution and we knew of an "off-the-radar" bank that understood the space and the market. The client was pleased with the bank's process and terms and intends on doing more business with them." said Greg Longoria of FIDES. FIDES is currently working with the client on arranging a larger credit facility to finance its loan acquisition and bridge lending business.