eters, and you can COVID-related supplies are creating an alternative environment where financing continues to have purchases and refinances are 20% to 29%+ lower than pre-COVID underwriting criteria. SCG enjoys a reliable track record in properly using-ground lease capital solutions to solve re-finance and acquisition equity shortfalls that are affecting citizens, providers and you will designers out of industrial real estate properties.
Crushed Rent Money
I control our very own detailed system from investors, one another private and you may organization, taking cheaper investment and decreasing the equity importance of the sponsors.
Obligations & Structured Finance
Sapphire Financing Group features more 70 several years of combined feel contrasting investment and originating just as much as $8 million (spanning three hundred+ transactions) regarding mortgage loans and prepared money choices having commercial home residents and designers.
Collateral Position
SCG have a verified track record of arranging joint venture security partnerships and LP investments with each other institutional and you will household members workplace people.
Reviews
Andy, Walter, and you can Zach artfully navigated a highly challenging deal throughout a highly complicated day. Their unique build let us to personal towards a package when old-fashioned funding is impractical to come by due to COVID-19. Sapphire hit a flaccid harmony ranging from being assertive inside the pushing the fresh new package collectively to your our tight schedule, being collaborative into the large number of stakeholders on it.
You will find worked with Andy along with his cluster because 2016 for the several security recapitalizations in our college student housing profit about southeast, a secure purchase that have among Andy’s family members work environment investors and you may an opportunity Area trader just who spent $25M in the a multiple family creativity price inside the Jacksonville. Andy is definitely responsive features over any kind of are requisite to assist you make the main city necessary to close-in a quick manner. You will find closed on several transactions with similar individual which was an announcement off Andy’s ethics and you may professionalism.
Andy with his group within SCG was crucial for the planning the new financial obligation and collateral for just one your largest collection purchases last season within the 2018. He and his team did to learn the business strategy and you may brought you the main city i must perform, along with a great co-GP equity lover that fit effortlessly with these working and government means.
I have worked with Andy since i started investing in commercial a house over 2 decades back. Just last year Andy and class in the SCG executed towards the a couple higher, advanced tasks to own UIP. The initial venture, a footing-right up residential large-rise creativity, incorporated EB-5 investment and you can an institutional fee trader. The following enterprise, and additionally large and you may advanced, expected the group to do within this an incredibly slim windows to have closing. Andy with his People increased each other individual and institutional equity, and introduced an organization commission investor to your $100 MM purchase from inside the Washington D.C. In both cases Andy together with men from the SCG has worked in order to discover all of our needs and you may vital work deadlines, eventually providing the desired financing for people to close off.
I experienced the fresh fulfillment at work with Sapphire Financing Group (Andy, Walter and you can Zach) to summarize a massive financing for the good trophy-stages blended-explore property. Andy along with his party performed an extremely diligent work of protecting a finance bundle due to their buyer Penton loans while in the an incredibly tough investment ecosystem (COVID19) the spot where the market for larger state-of-the-art financing is actually extremely restricted. They, constantly during the process, given the consumer which have several creatively prepared possibilities and you will sound advice always the help of its consumer’s passions at heart. At the same time, Sapphire is actually intimately on it from the closing process and is toward best of any aspect of the deal to ensure a soft and you may successful execution. I would suggest Sapphire and check forward to handling all of them again towards the upcoming deals.
