eters, and you may COVID-related reserves are creating an alternate environment in which financing proceeds to possess purchases and you will refinances are 20% so you can 31%+ below pre-COVID underwriting criteria. SCG possess an established background inside the effortlessly using ground rent investment ways to resolve refinance and buy collateral shortfalls that will be impacting citizens, operators and developers off commercial properties.
Surface Rent Funding
I influence all of our thorough network out-of buyers, one another private and you will institutional, taking cheaper financial support and you will decreasing the guarantee need for our sponsors.
Loans & Prepared Fund
Sapphire Funding Class features more 70 years of combined experience evaluating assets and you may originating whenever $8 mil (spanning 3 hundred+ transactions) off financial financial obligation and you will structured fund choices to possess industrial real estate owners and builders.
Equity Position
SCG keeps a proven history of organizing m&a security partnerships and you can LP opportunities which have both organization and family unit members work environment traders.
Stories
Andy, Walter, and you may Zach artfully navigated an incredibly complicated contract during an extremely challenging date. Their own build let us to personal on the a deal whenever traditional money are impossible to come across due to COVID-19. Sapphire hit a smooth equilibrium between being cocky from inside the pressing the latest offer with each other towards the our very own tight timeline, being collective for the large number of stakeholders inside.
You will find caused Andy with his class due to the fact 2016 to the a few equity recapitalizations in our student property sale regarding the the southern area of, a secure purchase which have certainly one of Andy’s relatives office traders and you can an opportunity Zone individual which spent $25M inside the a multiple family unit members advancement offer for the Jacksonville. Andy is without question receptive and it has over whatever was required to simply help you line up the administrative centre wanted to close in a fast trends. I have signed towards several deals with similar individual and therefore try an announcement regarding Andy’s ethics and professionalism.
Andy and his awesome people during the SCG was in fact crucial inside organizing this new financial obligation and you may guarantee for just one your biggest collection purchases history 12 months within the 2018. He and his party has worked to understand our very own business plan and introduced all of us the capital i needed to execute, along with good co-GP guarantee lover that fit effortlessly with our functional and you will government means.
You will find worked with Andy since i have become investing in industrial home more than two decades in the past. This past year Andy together with team in the SCG executed to your a few high, advanced assignments to own UIP. The initial project, a footing-right up domestic high-rise development, included EB-5 resource and an organization fee trader. The following endeavor, in addition to large and complex, called for the team to perform contained in this an extremely narrow windows to possess closing. Andy with his People elevated one another personal and you will institutional security, and brought in an organization commission individual into $100 MM acquisition during the Washington D.C. In the two cases Andy additionally the men on SCG has worked to understand our very own need and you can crucial due dates, in the course of time bringing the necessary financial support for people to close.
I had the latest fulfillment at the job that have Sapphire Financial support Category (Andy, Walter and you may Zach) in closing a large investment on an effective trophy-amounts blended-have fun with property. Andy along with his cluster performed an extremely patient employment off protecting a financing bundle because of their visitors throughout the a very hard financial support ecosystem (COVID19) in which the marketplace for big complex funds are most limited. It, at all times for the process, provided their visitors with several creatively organized choices and you may good advice usually employing customer’s passion in your mind. At the same time, Sapphire are intimately on it on the closing procedure and you will try for the top of any aspect of the price to ensure a soft and you can successful execution. I would highly recommend Sapphire and check forward to working with them again into coming transactions www.paydayloanalabama.com/rock-mills.