We wholeheartedly suggest it innovative, dedicated, and imaginative group
eters, and COVID-associated reserves are creating a different environment where loan proceeds to own purchases and you may refinances is 20% to help you 30%+ lower than pre-COVID underwriting conditions. SCG provides a reliable track record into the effectively using-ground lease financial support strategies to resolve re-finance and you can purchase guarantee shortfalls which can be impacting people, operators and you will designers from industrial properties.
Floor Rent Funding
We power our comprehensive community from investors, both private and organization, getting less expensive resource and you may decreasing the collateral need for the sponsors.
Obligations & Arranged Finance
Sapphire Funding Class possess over 70 several years of mutual sense evaluating opportunities and you will originating just as much as $8 million (spanning 300+ transactions) regarding financial financial obligation and you will organized finance solutions to own commercial a property citizens and you may builders.
Security Position
SCG possess a proven track record of arranging jv equity partnerships and you may LP investment that have one another institutional and you will family unit members place of work traders.
Feedback
Andy, Walter, and Zach artfully navigated an extremely tricky contract through the an extremely challenging big date. Their framework let me to personal to the a deal when antique money try impractical to come across on account of COVID-19. Sapphire hit a silky harmony anywhere between being cocky in moving brand new contract together on the the strict schedule, and being collaborative for the large number of stakeholders inside it.
You will find worked with Andy and his awesome people as the 2016 on the several collateral recapitalizations of our student property revenue regarding the the southern part of, an area acquisition having one of Andy’s loved ones work environment traders and you can the opportunity Area investor whom invested $25M within the a multi nearest and dearest innovation offer within the Jacksonville. Andy has always been responsive and has complete any sort of is required to greatly help united states make the main city needed seriously to close in a punctual styles. We have closed https://paydayloanalabama.com/putnam/ into multiple deals with the exact same individual and this was an announcement away from Andy’s ethics and you may professionalism.
Andy along with his team on SCG was in fact crucial inside organizing the fresh obligations and you can equity for just one of one’s premier profile purchases past season for the 2018. The guy and his awesome cluster has worked knowing all of our business plan and you can put us the main city i must do, and additionally good co-GP guarantee partner that suit seamlessly with your functional and you can management strategy.
I have worked with Andy since i been committing to commercial home more 20 years before. A year ago Andy in addition to group on SCG conducted to the a couple higher, advanced assignments getting UIP. The initial project, a footing-up residential large-go up development, included EB-5 financing and you will an institutional percentage buyer. The following investment, as well as large and advanced, expected the team to do within this an incredibly thin window getting closure. Andy and his Group elevated one another individual and institutional collateral, and introduced an organization fee trader on $100 MM buy inside Washington D.C. In both cases Andy and also the men within SCG has worked in order to understand our very own demands and you can vital work deadlines, at some point bringing the necessary financing for all of us to close off.
I had the brand new pleasure of working having Sapphire Financial support Class (Andy, Walter and you can Zach) in conclusion a huge capital on the a trophy-levels combined-have fun with assets. Andy along with his team did a highly patient business of protecting a funds package because of their consumer throughout the a very hard resource environment (COVID19) where market for large state-of-the-art fund are really constrained. It, all of the time inside the process, offered its visitors that have numerous artistically organized choices and advice usually with regards to buyer’s hobbies at heart. At the same time, Sapphire are intimately with it regarding the closure techniques and you may are on top of every aspect of the price to ensure a delicate and you may profitable delivery. I would highly recommend Sapphire and check forward to handling all of them again towards upcoming deals.