William Hughes, formerly of Marcus & Millichap, joins FBF to spearhead growth
Fidelity Bancorp Funding has appointed William Hughes, a seasoned capital markets leader and former senior executive at Marcus & Millichap, to accelerate the expansion of our lending platform. The move aligns with Fidelity’s long-term strategy to scale its bridge and construction lending solutions for mid-market borrowers while broadening relationships across investors, sponsors, and brokers.
As reported by Samantha Rowan in PERE Credit, Hughes brings deep experience from leading Marcus & Millichap’s capital markets team and launching its debt platform. He has a longstanding relationship with Fidelity’s founder, David Frosh, and will focus on increasing transaction variety and volume while amplifying market awareness of Fidelity’s capabilities. Read the original coverage here: PERE Credit.
Hughes underscored a growth agenda centered on outreach and execution, noting that not all market participants are familiar with Fidelity’s offering and that his background can help “get the word out” and engage earlier in deal conversations. He emphasized Fidelity’s balanced approach to working with both sophisticated and first-time borrowers, anchored by open dialogue and a practical, solutions-oriented mindset.
Fidelity’s lending platform is built on 25+ years of experience and $15 billion in loans funded since inception, with a core focus on bridge lending for mid-market borrowers. The platform spans small- and large-balance bridge programs and, since August 2023, includes a construction lending offering tailored to smaller multifamily sponsors. According to Hughes, Fidelity’s underwriting approach prioritizes understanding the sponsor as much as the real estate, recognizing that execution, track record, and problem-solving can mitigate asset-level challenges. He also highlighted the firm’s strong repeat-business base and market fluency.
Looking ahead, Hughes articulated an ambitious but disciplined scaling plan, aiming to double the platform over the next two years while preserving Fidelity’s hallmark flexibility. Rather than defaulting to rigid “credit boxes,” he noted, the team works to structure viable solutions around each asset’s unique nuances. That ethos—combining speed, creativity, and certainty of execution—continues to guide Fidelity’s growth.
For more detail on PERE Credit’s reporting, see the original article by Samantha Rowan: Fidelity Bancorp brings on former Marcus & Millichap exec to spearhead growth.
