eters, and you can COVID-related supplies are creating another type of environment where financing continues having acquisitions and you will refinances is actually 20% in order to 29%+ below pre-COVID underwriting conditions. SCG keeps a professional history from inside the effortlessly using-ground lease financing methods to solve re-finance and you can acquisition guarantee shortfalls that are affecting residents, providers and you may developers regarding commercial properties.
Ground Lease Financing
I control the thorough circle out of people, one another personal and you can organization, getting lower cost investment and you may reducing the security requirement for our very own sponsors.
Obligations & Organized Finance
Sapphire Funding Classification provides more than 70 numerous years of mutual feel evaluating financial investments and originating just as much as $8 mil (comprising 3 hundred+ transactions) out-of mortgage financial obligation and you may structured finance alternatives for industrial look at more info a residential property residents and you will designers.
Security Position
SCG enjoys a verified history of arranging joint venture guarantee partnerships and you may LP investment with one another organization and you can household members workplace traders.
Stories
Andy, Walter, and you will Zach artfully navigated an incredibly challenging offer during the an incredibly difficult day. Their unique design enabled us to close on the a great deal when conventional money is actually impractical to find because of COVID-19. Sapphire strike a soft harmony ranging from are cocky for the pushing new deal with each other for the all of our rigorous schedule, being collective toward plethora of stakeholders inside it.
You will find caused Andy along with his group while the 2016 to your a few guarantee recapitalizations of our own pupil casing income throughout the the southern part of, an area order which have certainly one of Andy’s nearest and dearest workplace dealers and chances Area investor who spent $25M when you look at the a multiple household members advancement package into the Jacksonville. Andy has been receptive features done any kind of try necessary to help you line-up the administrative centre wanted to close in a quick manner. I have finalized into several deals with similar trader and that are a statement out-of Andy’s integrity and professionalism.
Andy and his people at SCG were important when you look at the arranging the latest financial obligation and you can equity for just one of our premier profile acquisitions last year into the 2018. He along with his people has worked to understand all of our business plan and you will lead united states the capital i necessary to play, and an effective co-GP collateral lover that fit seamlessly with your functional and you will management strategy.
I’ve caused Andy since i have become investing in commercial home more 20 years back. Last year Andy and party from the SCG performed into a couple of highest, state-of-the-art projects getting UIP. The initial endeavor, a ground-up home-based higher-rise creativity, incorporated EB-5 financial support and you may an institutional percentage individual. The next enterprise, also high and you can complex, expected the team to perform in this a very thin screen to own closure. Andy along with his Party elevated each other individual and you can institutional guarantee, and you will brought in an organization fee individual on $100 MM buy for the Washington D.C. In the two cases Andy and men at the SCG spent some time working in order to understand our very own demands and you can vital work deadlines, fundamentally providing the desired resource for all of us to shut.
I’d the fresh fulfillment at work with Sapphire Resource Group (Andy, Walter and you may Zach) to summarize a big financing into the an excellent trophy-grade blended-play with possessions. Andy and his group did a very diligent occupations from securing a loans plan due to their consumer through the an incredibly difficult capital ecosystem (COVID19) in which the market for big cutting-edge funds are very constrained. They, at all times for the process, considering the client with multiple artistically prepared selection and you can advice usually through its customer’s passion planned. Concurrently, Sapphire is closely involved on closing processes and you can is actually to the most readily useful of any aspect of the bargain to ensure a mellow and effective delivery. I would highly recommend Sapphire and check toward handling them once more into upcoming purchases.