eters, and you can COVID-relevant supplies are creating a separate environment where financing proceeds to have acquisitions and you can refinances is actually 20% in order to 30%+ less than pre-COVID underwriting criteria. SCG provides a reputable track record for the properly using-ground lease financial support ways to resolve re-finance and you may buy security shortfalls that are impacting customers, operators and designers out of industrial properties.
Crushed Book Resource
I power our detailed community of people, both individual and you can organization, taking cheaper funding and you can decreasing the security importance of the sponsors.
Debt & Structured Money
Sapphire Funding Group features more than 70 many years of joint feel evaluating investment and originating everything $8 mil (spanning 300+ transactions) regarding mortgage personal debt and you will organized loans selection for industrial a home customers and you may designers.
Collateral Location
SCG has actually a proven reputation organizing m&a equity partnerships and you can LP investments that have each other organization and you may members of the family office people.
Feedback
Andy, Walter, and you may Zach artfully navigated an incredibly complicated deal through the an extremely tricky big date. Their own design enabled me to intimate with the a great deal whenever old-fashioned financial support are impractical to come by because of COVID-19. Sapphire strike a flaccid balance anywhere between being cocky during the pressing this new contract along to your the tight schedule, and being collaborative into the plethora of stakeholders with it.
You will find worked with Andy and his class once the 2016 towards a number of equity recapitalizations your pupil casing purchases throughout the southeast, an area order which have certainly one of Andy’s relatives work environment buyers and you can a chance Area trader which spent $25M from inside the a multiple family members advancement bargain when you look at the Jacksonville. Andy is definitely receptive and contains complete whichever is necessary to simply help all of us make the administrative centre needed to close-in a fast style. I’ve signed with the numerous deals with the same investor and therefore is a statement away from Andy’s integrity and you can reliability.
Andy and his party during the SCG was important inside arranging the brand new personal debt and you will collateral for example in our premier portfolio purchases history 12 months inside the 2018. The guy and his awesome class did knowing the business strategy and you can introduced united states the administrative centre we had a need to do, also a co-GP security lover that suit seamlessly with our functional and you can government approach.
We have worked with Andy since i have already been investing in commercial a house more 2 decades ago. This past year Andy as well as the group during the SCG conducted towards the two large, cutting-edge tasks getting UIP. The original investment, a footing-upwards residential highest-go up invention, included EB-5 capital and you can an institutional fee trader. The next venture, also highest and advanced, called for the team to do inside a highly thin window to own closure. Andy along with his Class raised each other personal and you will organization guarantee, and you may introduced an institutional fee trader on $100 MM buy within the Washington D.C. In the two cases Andy and also the dudes within SCG has worked in order to see all of our requires and you can crucial due dates, sooner or later delivering the mandatory investment for us to close.
I got the pleasure at work that have Sapphire Financing Class (Andy, Walter and what banks offer personal loans in South Dakota you will Zach) in conclusion a big capital to your a good trophy-level blended-use property. Andy and his class did an extremely diligent job away from protecting a finance package because of their consumer during the an incredibly hard investment environment (COVID19) where in actuality the market for big complex finance are really constrained. It, constantly in the processes, given the visitors which have numerous creatively prepared choice and you will sound advice usually along with their customer’s appeal in mind. Concurrently, Sapphire was closely involved on closure procedure and you can is actually toward best of any aspect of the contract to make certain a flaccid and successful execution. I would highly recommend Sapphire and check forward to dealing with all of them once again with the future deals.
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