CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC (“FIDES”) was retained to arrange acquisition financing for one of the largest senior living communities located in Florida. The asset is involved in a complicated bankruptcy proceeding and will be sold in a Section 363/365 sale process. FIDES’ client was selected as the stalking horse bidder and the financing package secured by FIDES allowed the party to achieve Qualified Bidder status. The transaction capitalization exceeded $50 million. “This is a large asset, located in an in-fill location in the Tampa Bay area. The property’s current occupancy level is well below those of comparable properties. The asset has a very loyal and active resident base that would like to see their community returned to its former glory. Our client saw this as a compelling value-add opportunity. We secured this mandate given our understanding of the nuances of a court supervised sale process, coupled with our track record of executing on complex assignments. The client has a clear plan of how they want to turn this asset around and we are excited to share that vision with the market,” said Gregg Feldkamp of FIDES.