On Being an “External CFO” for Entrepreneurs

Foster: “There are problems with entitlements in the West; clients face uncertain outcomes, increasing environmental regulations, costs and timelines, and all equate to uncertain yields.”

SAN DIEGO—Fident Capital’s role as a boutique real estate investment bank that focuses on entrepreneurial development companies allows those firms to concentrate on their areas of expertise without worrying about their capital-sourcing needs, the firm’s Gregg Foster tells GlobeSt.com. Fident recently added Foster as a managing director to its production team. Foster has an extensive background in finance, acquisition, entitlement, and disposition of real estate in all asset classes, as well as intensive consulting in the distressed-asset and business turnaround arenas, totaling more than $1.2 billion in value over the course of his career.

Prior to joining Fident, Foster founded Halifax Group, a multi-disciplinary real estate consulting and development company, where he successfully executed asset management and disposition projects valued in excess of $400 million on behalf of builder/developers, banking institutions, court-appointed receivers and equity providers for more than 10 years. Halifax also managed complex superior-court cases related to going concerns throughout the Southwest.