eters, and COVID-associated supplies are creating an alternative ecosystem where loan proceeds to own purchases and you may refinances was 20% to help you 29%+ lower than pre-COVID underwriting conditions. SCG has actually a reliable track record when you look at the properly using ground lease resource methods to resolve re-finance and you may purchase security shortfalls that are impacting citizens, operators and you will developers of industrial real estate properties.
Soil Rent Money
I leverage our thorough network out-of people, both personal and you will institutional, taking lower cost financing and you will reducing the collateral dependence on the sponsors.
Financial obligation & Arranged Fund
Sapphire Financing Classification enjoys more than 70 many years of joint feel comparing investment and you may originating everything $8 million (comprising 300+ transactions) off home loan obligations and you can planned fund choices to have industrial home customers and you can builders.
Security Positioning
SCG keeps a verified reputation organizing joint venture equity partnerships and you will LP financial investments with one another organization and you may family relations place of work dealers.
Feedback
Andy, Walter, and Zach artfully navigated a very challenging offer through the an extremely difficult time. Their structure allowed us to intimate towards a deal when conventional capital are impossible to come by because of COVID-19. Sapphire struck a flaccid harmony ranging from becoming cocky in the driving the newest offer with each other with the our rigid schedule, and being collaborative to your plethora of stakeholders on it.
I have worked with Andy along with his people just like the 2016 to the a number of guarantee recapitalizations of one’s pupil construction income throughout the southeast, an area purchase that have among Andy’s family work environment buyers and you may the possibility Region investor just who spent $25M for the a multi household members development offer for the Jacksonville. Andy has always been receptive and also over any sort of was expected to help all of us line-up the main city necessary to close in a punctual style. I have finalized on several transactions with the exact same trader and therefore is actually a statement away from Andy’s integrity and you may reliability.
Andy and his awesome group within SCG was basically instrumental in organizing the personal debt and you may equity for 1 of one’s largest collection purchases past year into the 2018. He and his awesome people worked to know the business strategy and you may brought united states the administrative centre i must play, along with an excellent co-GP guarantee partner that suit effortlessly with our operational and you will management approach.
We have worked with Andy since i have become investing commercial a property over two decades back. This past year Andy additionally the group within SCG carried out towards several highest, state-of-the-art tasks to possess UIP. The original venture, a ground-right up domestic large-rise invention, provided EB-5 resource and you can an institutional payment trader. The second enterprise, along with higher and you can complex, requisite the group to perform contained in this an extremely thin window to own closure. Andy and his Team increased both private and you will institutional security, and you may introduced an organization percentage individual to the $100 MM order within the Arizona D.C. In both cases Andy plus the men within SCG spent some time working in order to understand our demands and you can crucial work deadlines, eventually taking the necessary financial support for people to shut.
I’d the fresh satisfaction at work having Sapphire Capital Class (Andy, Walter and you may Zach) in conclusion a big financial support to the a beneficial trophy-degree combined-use assets. Andy along with his group performed a very diligent jobs off protecting a fund package due to their buyer during a highly tough financing environment (COVID19) where marketplace for large state-of-the-art financing are extremely restricted. It, at all times in the procedure, provided the visitors that have several creatively prepared choices and sound advice constantly along with their buyer’s passion in your mind. On the other hand, Sapphire was thoroughly in it from the closing procedure and was into most readily useful of every aspect of the deal to ensure a softer and you may effective delivery. I would personally suggest Sapphire and look forward to working with all of them once more to the future purchases.