CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") announced today that is has been engaged by an investment manager to raise a $150 million, revolving, senior-warehouse loan facility to finance the manager's manufactured housing loan investment programs. FIDES' client, which has recently raised $400 million across multiple vehicles, sponsors two structured programs that will purchase new and seasonsed loans from market participants for both long-term investment and securitization strategies. FIDES will approach a broad list of institutional lenders, many of which are new entrants to the market.
"Many larger institutions have high interest in financing experienced, well-capitalized specialty finance platforms. FIDES has had great success struccturing facilities that not only offer lenders attractive risk-adjusted returns, but also help our clients execute specific growth strategies," said Bill Mitchell of FIDES.