FIDES Investment, LLC ("FIDES") announces that Gregg Handrich was appointed as Receiver on September 27, 2018 for 22-acre single family home development in Waukegan, IL on behalf of Norstates Bank. The sub-division, known as River Glen, is planned to have 65 custom homes and currently has 6 completed homes on the site.
FIDES Capital Partners, LLC (“FIDES”) announces that is engaged and currently working on the following representative transactions:
$70MM equity and debt financing on a mixed-use redevelopment project.
$50MM equity and debt recapitalization on a CBD student housing asset.
$40MM preferred equity investment on $120MM student housing acquisition.
$7MM construction financing on the second phase of a student housing development.
$5MM equity investment on a value-add student housing acquisition.
Undisclosed buy-side M&A engagement within the multifamily mortgage finance industry.
FIDES Capital Partners, LLC (“FIDES”) announces that it has been retained by a multifamily owner-operator to assist it in institutionalizing its asset management and investor reporting functions. The client specializes in acquiring, renovating and managing workforce housing properties in the Southwestern United States.
FIDES Capital Partners, LLC (“FIDES”) announces that it has arranged a $4,300,000 bridge loan to finance the recapitalization of a three-property multifamily and commercial portfolio in Nacogdoches, Texas. The loan was used to pay-off the existing financing and a third-party equity provider.
FIDES Investment, LLC ("FIDES") announces that Gregg Handrich was appointed as Receiver on July 18, 2018 for a 10,578 two-story commercial building in downtown Libertyville, IL on behalf of Wintrust Financial. The building contains a bar and restaurant tenant.
FIDES Capital Partners, LLC (“FIDES”) announces that it has arranged a $12,500,000 preferred equity investment to acquire a Class A 417-bed purpose-built student housing asset at the University of Western Washington in Bellingham, WA.
FIDES Capital Partners, LLC ("FIDES") had a robust first quarter across its advisory platform. "The range of our engagements demonstrates that the market is still very active, but it also reflects its cautiousness" said Greg Longoria. "What you're seeing are transaction types and asset classes that express the maturity in the real estate cycle. Both sponsors and investors are taking a more defensive and selective approach to doing deals."
