eters, and COVID-related reserves have created an alternate ecosystem where mortgage proceeds to own purchases and you may refinances try 20% so you can 31%+ less than pre-COVID underwriting standards. SCG have an established history into the efficiently using-ground rent resource ways to resolve refinance and you will acquisition equity shortfalls which can be impacting citizens, workers and you will developers out of commercial real estate properties.
Ground Rent Funding
We power our thorough system regarding people, one another private and you may organization, bringing cheaper investment and you can reducing the guarantee requirement for our very own sponsors.
Debt & Organized Funds
Sapphire Funding Class has more than 70 many years of joint sense evaluating opportunities and you may originating just as much as $8 billion (comprising 300+ transactions) of home loan personal debt and you will planned funds options getting industrial a home citizens and developers.
Guarantee Positioning
SCG has actually a verified track record of arranging m&a guarantee partnerships and you may LP investment having each other organization and friends office dealers.
Recommendations
Andy, Walter, and Zach artfully navigated a very complicated price during a highly difficult date. Their particular design allowed us to romantic on the a great deal whenever old-fashioned resource is actually impossible to come across due to COVID-19. Sapphire hit a mellow balance anywhere between becoming cocky inside moving the fresh new package with each other into the rigid schedule, being collective on plethora of stakeholders on it personal loans online Maine.
We have worked with Andy with his cluster as 2016 into a few guarantee recapitalizations of your college student housing income on the the southern part of, an area buy having certainly Andy’s household members workplace dealers and you will an opportunity Region investor whom invested $25M when you look at the a multi members of the family invention offer during the Jacksonville. Andy has become responsive features complete any kind of try necessary to assist you line up the main city necessary to close in a fast trends. I have finalized on several transactions with the exact same investor and that was an announcement regarding Andy’s stability and reliability.
Andy and his people at SCG was basically instrumental in organizing the latest personal debt and security for one of your largest profile purchases past seasons in 2018. The guy along with his people did to learn the business strategy and you will put us the administrative centre i needed to carry out, together with an effective co-GP guarantee partner that suit effortlessly with the help of our functional and you will management means.
I have caused Andy since i have been investing commercial a residential property more 2 decades before. Just last year Andy and team at the SCG carried out into the two higher, state-of-the-art tasks having UIP. The initial endeavor, a footing-up residential large-go up creativity, provided EB-5 investment and you will an institutional fee trader. Another opportunity, in addition to high and complex, needed the team to perform within a highly narrow window to own closing. Andy with his Team increased one another personal and organization guarantee, and you may earned an organization percentage investor for the $100 MM acquisition for the Washington D.C. In the two cases Andy therefore the dudes at SCG worked so you can discover the demands and you can vital work deadlines, eventually delivering the necessary resource for all of us to close off.
I had the fresh new satisfaction at the office with Sapphire Financial support Class (Andy, Walter and you may Zach) in closing a large financial support on the a good trophy-amounts combined-explore property. Andy and his awesome people performed an incredibly patient job away from securing a money package for their buyer through the a highly tough money ecosystem (COVID19) where market for big complex finance was really restricted. They, all the time inside procedure, given the visitors which have multiple creatively organized alternatives and you can sound advice always with their client’s appeal at heart. On the other hand, Sapphire was thoroughly in it on the closing processes and you can was into ideal of any facet of the offer to make certain a smooth and you can winning execution. I might suggest Sapphire and look forward to dealing with them once more to the upcoming purchases.