eters, and you can COVID-relevant reserves are creating a new environment where loan proceeds having purchases and refinances are 20% in order to 29%+ less than pre-COVID underwriting requirements. SCG have a reputable background inside properly using ground rent money strategies to solve refinance and you will acquisition security shortfalls that will be affecting customers, providers and builders out of commercial real estate properties.
Surface Lease Money
We power our detailed network from investors, both personal and institutional, delivering lower cost investment and reducing the security importance of our sponsors.
Loans & Organized Money
Sapphire Financial support Class possess over 70 several years of mutual feel evaluating expenditures and originating everything $8 million (comprising three hundred+ transactions) away from home loan debt and structured financing options getting commercial a house citizens and you will builders.
Collateral Positioning
SCG enjoys a proven reputation organizing joint venture equity partnerships and LP expenditures that have one another institutional and you may nearest and dearest workplace people.
Stories
Andy, Walter, and Zach artfully navigated an incredibly complicated package during an incredibly difficult date. Her framework enabled me to close toward a great deal whenever old-fashioned resource is impossible to find on account of COVID-19. Sapphire strike a delicate equilibrium between are cocky within the moving the brand new price with each other with the the rigid timeline, and being collective toward great number of stakeholders with it.
We have caused Andy and his class since 2016 on the several security recapitalizations of our own student construction business about southeast, a land acquisition that have certainly one of Andy’s household members work environment investors and an opportunity Zone trader which spent $25M from inside the a multiple nearest and dearest innovation offer from inside the Jacksonville. Andy has always been responsive and also done whatever is called for to assist you fall into line the capital needed seriously to close in a punctual style. I have finalized to your several transactions with similar buyer hence is actually an announcement of Andy’s ethics and professionalism.
Andy and his awesome people at the SCG was basically crucial from inside the planning the latest debt and you will collateral for one of your biggest portfolio acquisitions last year within the 2018. The guy with his group did understand the business plan and you will delivered all of us the capital i necessary to carry out, also an excellent co-GP equity partner that fit effortlessly with these working and you may management approach.
I have caused Andy since i have become investing in commercial home over two decades before. A year ago Andy and group in the SCG carried out for the a few high, advanced tasks getting UIP. The first investment, a ground-right up home-based higher-go up development, incorporated EB-5 funding and an institutional fee buyer. The following project, also highest and you will complex, requisite the group to execute within this an incredibly slim windows getting closing. Andy and his awesome Class increased both personal and you will organization equity, and you may brought in an organization fee individual on the $100 MM order into the Arizona D.C. In the two cases Andy additionally the dudes in the SCG spent some time working to discover our need and vital due dates, in the course of time taking the mandatory financing for people to close.
I’d the brand new satisfaction in the office that have Sapphire Money Group (Andy, Walter https://paydayloanalabama.com/ragland/ and you will Zach) to summarize a massive financing for the good trophy-amount blended-use assets. Andy and his group did an incredibly patient work off protecting a money bundle for their consumer through the a very hard resource ecosystem (COVID19) the spot where the marketplace for large advanced money is actually really restricted. They, at all times from inside the processes, given their visitors that have several creatively organized choice and you will sound advice constantly with their client’s passions in mind. In addition, Sapphire was intimately inside on the closure procedure and you will was into most readily useful of any facet of the contract to make certain a silky and you will winning execution. I’d highly recommend Sapphire and look forward to coping with all of them again to the coming deals.