I wholeheartedly strongly recommend so it creative, dedicated, and you will resourceful team
eters, and COVID-relevant reserves are creating a separate environment where financing proceeds for purchases and you can refinances are 20% in order to 29%+ below pre-COVID underwriting requirements. SCG possess a reliable background when you look at the efficiently using-ground rent funding techniques to resolve re-finance and you will order equity shortfalls that will be affecting customers, providers and you can designers out of commercial properties.
Floor Rent Financing
I power all of our extensive circle of dealers, both individual and you will organization, getting lower cost funding and you can decreasing the collateral importance of the sponsors.
Financial obligation & Prepared Fund
Sapphire Resource Category keeps over 70 years of joint experience researching investments and you may originating whenever $8 million (comprising 300+ transactions) of financial debt and you will prepared finance alternatives to possess commercial home residents and you can designers.
Security Position
SCG has actually a verified history of planning joint venture equity partnerships and you will LP investments with each other organization and you will nearest and dearest office investors.
Reviews
Andy, Walter, and Zach artfully navigated a very complicated bargain during the an extremely tricky big date. Their own design permitted me to intimate for the a deal whenever old-fashioned capital is impossible to come across because of COVID-19. Sapphire strike a softer harmony ranging from getting cocky when you look at the driving this new deal together on the our rigid schedule, and being collective to your great number of stakeholders with it.
You will find worked with Andy with his team given that 2016 into the several equity recapitalizations in our student property purchases about the southern area of, a secure purchase that have one of Andy’s family members work environment dealers and a chance Region investor exactly who invested $25M during the a multiple family members creativity contract from inside the Jacksonville. Andy has long been receptive and has done whichever is needed to greatly help us fall into line the administrative centre had a need to close in a quick trends. We have finalized to the several transactions with similar buyer and that is a statement out of Andy’s ethics and you will reliability.
Andy and his team from the SCG was instrumental inside the planning the obligations and you can collateral for 1 of one’s premier profile purchases last seasons in 2018. He along with his cluster has worked to know all of our business plan and lead you the main city we necessary to play, and an effective co-GP collateral partner that suit seamlessly with our functional and government means.
We have worked with Andy since i have come investing commercial real estate over 20 years in the past. Just last year Andy plus the team in the SCG performed toward two large, cutting-edge assignments for UIP. The first venture, a ground-up domestic large-increase creativity, provided EB-5 money and you can an organization commission buyer. The following opportunity, and high and you will advanced, called for the online payday loans Virginia team to do within this an extremely slim windows getting closure. Andy along with his Class increased both individual and institutional guarantee, and introduced an organization payment investor into $100 MM order when you look at the Washington D.C. In both cases Andy therefore the guys on SCG has worked in order to discover our demands and you may important due dates, at some point getting the desired financial support for all of us to shut.
I got the brand new fulfillment in the office with Sapphire Financing Category (Andy, Walter and you will Zach) in conclusion a massive investment towards a trophy-amounts mixed-play with possessions. Andy and his awesome class did an extremely patient job off protecting a fund bundle because of their client throughout the a highly tough capital ecosystem (COVID19) where the marketplace for big complex loans was most constrained. It, at all times in processes, given its client which have several creatively organized options and advice constantly employing client’s passions at heart. At exactly the same time, Sapphire is intimately involved regarding closing procedure and you may try to the best of any facet of the package to be certain a silky and you may successful execution. I would recommend Sapphire and look toward coping with all of them once more with the upcoming transactions.
