CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the sale of a note secured by a first mortgage position on a 99-unit apartment project located in Bentonville, Arkansas on behalf of Wintrust Financial. Gregg Handrich of FIDES said, " Wintrust was looking for a quick note sale execution at a minimum discount to help manage their balance sheet. The tertiary location and 85% property occupancy created a significant marketing challenge. However, given the stability of the asset class, we were able to readily identify the most likely buyer who could not only purchase the note at a minimum discount but also close within the desired timeframe”.