CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has served as the financial advisor in assisting a client evaluate various debt financing options for the recapitalization of a $75 million student housing project in downtown Chicago. Greg Longoria of FIDES said, "This project was a historic office building that was converted to student housing. We needed a lender that could understand the historic tax credit structure, and the less than traditional nature of leasing to students from multiple downtown universities. There was also that little detail of the project not being fully leased-up." Mr. Longoria said his firm advised the client on evaluating various loan proposals ranging from stretch bridge loans to senior loans paired with mezzanine financing. "Each structure had its risks and rewards, " commented Longoria.