Fident Capital secured a $15.75MM construction loan for the development of a 6-story, 44-unit multifamily project located in San Diego’s burgeoning North Park neighborhood. The client sourced the transaction off-market and engaged Fident early to assist with the feasibility analysis. Fident remained involved throughout the City’s approval process, updating financial models, and helping vet construction costs before embarking on the capital raise. A private debt fund provided the loan at approximately 80% LTC, closing as-advertised within the term sheet.