CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to the developer of several master planned communities (“MPCs”) in the greater Rochester, MN area. “Our sponsor client has identified a very compelling supply-demand imbalance in the Rochester area housing market,” said Gregg Feldkamp of FIDES. “The world renown Mayo Clinic has announced massive expansion plans putting further pressure on a very tight housing market. Over the past couple of years, our client has secured several large parcels with plans to develop and deliver critically needed housing supply across the price spectrum. While the larger financing market has its share of challenges, we’ve received a warm response to this mandate as the business plan is rooted in solid underwriting fundamentals.”