We wholeheartedly recommend which creative, hardworking, and you will imaginative party
eters, and you may COVID-related reserves are creating a special environment where financing proceeds to possess purchases and you can refinances is actually 20% to 31%+ lower than pre-COVID underwriting criteria. SCG keeps a reliable track record inside the properly using-ground rent investment ways to resolve re-finance and you will order security shortfalls which might be impacting residents, operators and you may builders out of commercial real estate loans Samson properties.
Surface Lease Resource
I control the detailed community of buyers, each other personal and you may institutional, getting lower cost investment and you can reducing the security need for all of our sponsors.
Personal debt & Structured Loans
Sapphire Capital Group provides over 70 many years of shared sense evaluating assets and you may originating approximately $8 mil (comprising 300+ transactions) out-of financial obligations and you can planned funds possibilities to own industrial a residential property residents and you can builders.
Equity Position
SCG features a verified track record of organizing joint venture collateral partnerships and you will LP opportunities with each other institutional and you can friends workplace dealers.
Recommendations
Andy, Walter, and you can Zach artfully navigated an extremely complicated bargain while in the a very difficult go out. Their unique design enabled us to close on a deal when old-fashioned capital is impossible to come across because of COVID-19. Sapphire struck a delicate equilibrium ranging from being cocky into the driving new offer along to your our rigid timeline, being collaborative towards the large number of stakeholders with it.
I’ve worked with Andy and his party just like the 2016 on a few equity recapitalizations of our beginner housing income about the southern area of, a secure acquisition having certainly Andy’s family office people and you can chances Region investor exactly who invested $25M in a multiple relatives invention bargain for the Jacksonville. Andy has been responsive and contains done any kind of was expected to help you line-up the main city necessary to close in a quick trends. We have finalized on several deals with similar investor and that try an announcement of Andy’s ethics and you can professionalism.
Andy along with his people at SCG was in fact important inside the arranging the latest financial obligation and equity for example in our premier profile acquisitions past season for the 2018. The guy and his group spent some time working knowing the business plan and you may introduced you the capital we had a need to perform, including a good co-GP collateral partner that suit seamlessly with this operational and you can management approach.
I’ve worked with Andy since i already been investing in industrial home more twenty years back. Last year Andy additionally the cluster within SCG carried out toward a few higher, cutting-edge assignments for UIP. The original enterprise, a ground-right up home-based highest-rise invention, incorporated EB-5 money and you can an organization percentage trader. The following investment, together with large and you can complex, called for the group to do within a highly narrow screen for closing. Andy with his Class elevated one another private and you will institutional guarantee, and you may brought in an organization fee trader towards the $100 MM purchase within the Washington D.C. In both cases Andy plus the guys during the SCG has worked so you’re able to learn the demands and you may critical deadlines, at some point getting the mandatory funding for all of us to close off.
I experienced the fulfillment working that have Sapphire Financial support Classification (Andy, Walter and Zach) in conclusion an enormous investment to your a trophy-grade blended-play with possessions. Andy along with his team did an extremely diligent jobs out-of protecting a funds bundle for their customer throughout a highly hard resource ecosystem (COVID19) where market for larger complex fund is most restricted. It, all of the time in the process, given their buyer which have several artistically prepared alternatives and advice usually with regards to client’s hobbies at heart. Concurrently, Sapphire was closely inside in the closure process and you can is for the best of every aspect of the bargain to be sure a softer and you will winning execution. I might strongly recommend Sapphire and look toward dealing with all of them once again to your future deals.