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 a multifamily development in a strong Sunbelt market. “Our sponsor client commenced construction of a large development prior to securing all the capital necessary to fund the project,” said Gregg Feldkamp of FIDES. “As the developer’s liquidity diminished, they contacted FIDES to discretely procure bridge capital so that the construction would remain uninterrupted while the capital stack was finalized. This was a difficult assignment, yet FIDES procured a $30MM+ term sheet that provided the sponsor with ample time to optimize the capital structure. This engagement is emblematic of the solutions and creativity that we bring to our clients.”