eters, and COVID-relevant supplies are creating a separate environment where financing continues to have acquisitions and you will refinances was 20% so you’re able to 31%+ less than pre-COVID underwriting conditions. SCG provides a reputable track record within the properly using ground book financial support techniques to resolve re-finance and you may purchase security shortfalls which might be affecting residents, providers and you may designers out of industrial real estate properties.
Floor Lease Investment
We power the thorough circle off buyers, each other individual and you will institutional, providing lower cost capital and you will decreasing the collateral need for our sponsors.
Debt & Prepared Funds
Sapphire Funding Classification keeps over 70 years of joint sense evaluating investment and you will originating everything $8 million (spanning 3 hundred+ transactions) of financial loans and you can organized loans solutions to own commercial a property citizens and you can designers.
Security Positioning
SCG have a proven track record of arranging joint venture equity partnerships and you may LP financial investments with one another organization and you may members of the family work environment dealers.
Testimonials
Andy, Walter, and Zach artfully navigated a very difficult bargain throughout the a very tricky big date. Their unique structure permitted us to personal on a deal whenever antique resource is impractical to come across due to COVID-19. Sapphire hit a soft balance anywhere between being assertive for the pressing the fresh contract together towards the all of our rigid schedule, and being collaborative for the great number of stakeholders inside.
You will find worked with Andy and his awesome group while the 2016 toward several equity recapitalizations of our scholar houses sale on the southern area of, a land acquisition which have one of Andy’s members of the family place of work buyers and you will the possibility Region trader which spent $25M during the a multiple relatives development deal during the Jacksonville. Andy has always been receptive features complete whatever was needed to assist all of us align the main city wanted to close in a quick manner. I’ve closed with the multiple deals with the exact same individual and this try an announcement off Andy’s stability and you will reliability.
Andy and his people on SCG was basically important in planning the newest obligations and you may security for 1 in our premier portfolio purchases past 12 months during the 2018. He along with his team worked to understand our business plan and you can introduced all of us the administrative centre i wanted to carry out, in addition to a co-GP equity partner that suit seamlessly with the working and you can management means.
You will find worked with Andy since i have been committing to industrial home over 20 years in the past. Just last year Andy together with class within SCG performed on the a few high, cutting-edge assignments to possess UIP. The first venture, a ground-upwards home-based large-rise innovation, integrated EB-5 investment and you may an organization payment investor. The next opportunity, and high and advanced, requisite the team to do within an extremely slim window for closure. Andy and his People raised one another individual and you can organization equity, and you may earned an organization payment investor on the $100 MM purchase within the Washington D.C. In the two cases Andy while the men during the SCG did so you can see our demands and you may important deadlines, fundamentally delivering the necessary money for people to close off.
I got the newest fulfillment in the office that have Sapphire Financing Classification (Andy, Walter and you may Zach) in closing a giant funding toward a beneficial trophy-stages blended-play with assets. Andy with his cluster performed an incredibly patient jobs from securing a financing payday loans Peterman bundle due to their buyer through the a very difficult financing environment (COVID19) in which the marketplace for large complex financing is most constrained. They, all of the time within the techniques, offered its visitors with multiple artistically structured choices and helpful advice constantly the help of its client’s passion planned. At exactly the same time, Sapphire was thoroughly inside regarding the closing procedure and you can try towards the ideal of any facet of the price to make sure a softer and you may successful execution. I might recommend Sapphire and look forward to dealing with all of them once more to the coming deals.
