CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC (“FIDES”) has been retained to arrange $150 million of senior debt financing for the acquisition of a $230 million portfolio of suburban office assets located along the Eastern seaboard. FIDES will contact a select universe of lenders that have the capacity to originate a loan of this size and that can structure around some of the transaction’s nuances. This and future transactions will allow the sponsor to roll-up several office portfolios, creating a platform to access the public markets in the future. “We like this deal because it has a strong going-in debt yield, quality real estate, strong submarkets and a last dollar leverage level which will combat some of the market’s resistance to suburban office,” said Greg Longoria of FIDES.