eters, and COVID-associated reserves have created a different sort of environment in which loan continues having acquisitions and you will refinances is 20% so you can 31%+ less than pre-COVID underwriting standards. SCG have a reliable track record in the effectively using ground lease money ways to resolve refinance and you may order security shortfalls which can be impacting citizens, workers and you may designers of commercial properties.
Ground Lease Funding
I leverage all of our extensive circle from people, both personal and you can organization, getting less expensive financing and you may reducing the collateral significance of all of our sponsors.
Financial obligation & Planned Money
Sapphire Capital Class possess over 70 many years of joint feel comparing opportunities and you can originating everything $8 mil (comprising three hundred+ transactions) out-of home loan obligations and you can planned loans options to own commercial a property customers and you will designers.
Collateral Placement
SCG possess a proven reputation organizing m&a security partnerships and you can LP assets with both organization and family relations work environment people.
Stories
Andy, Walter, and you can Zach artfully navigated a very difficult offer throughout an incredibly difficult time. Their framework allowed us to personal into the a package whenever conventional financing try impossible to find because of COVID-19. Sapphire struck a mellow balance ranging from becoming cocky during the pushing the brand new price along to your our very own tight timeline, being collaborative into multitude of stakeholders inside it.
I have caused Andy and his awesome party given that 2016 for the a few equity recapitalizations of one’s college student property sale on the southern area of, an area acquisition with certainly Andy’s family unit members workplace investors and you can an opportunity Region individual whom invested $25M when you look at the a multi loved ones creativity contract inside the Jacksonville. Andy has been receptive and contains over any type of is actually needed to assist united states line up the administrative centre necessary to close-in a fast trend. I’ve finalized towards the several transactions with the same individual and that is actually an announcement away from Andy’s stability and you may professionalism.
Andy with his people within SCG was important in the planning the brand new loans and you will guarantee for just one of your prominent collection purchases past 12 months in 2018. The guy with his party did understand our very own business plan and you may produced us the main city i needed seriously to do, along with an effective co-GP guarantee mate that fit effortlessly with the operational and you can administration strategy.
You will find caused Andy since i already been committing to commercial real estate over two decades before. This past year Andy as well as the group in the SCG performed toward two highest, advanced tasks for UIP. The first project, a footing-right up domestic high-go up development, included EB-5 resource and you will an institutional payment individual. The next Kansas personal loans enterprise, together with higher and you may advanced, requisite the team to execute contained in this an extremely thin screen to possess closing. Andy and his awesome Group elevated each other individual and you can organization collateral, and you will earned an institutional percentage buyer with the $100 MM order in the Arizona D.C. In both cases Andy plus the men in the SCG worked to help you discover all of our needs and you may critical due dates, sooner or later taking the desired capital for all of us to close off.
I experienced the newest fulfillment in the office having Sapphire Investment Classification (Andy, Walter and you can Zach) in conclusion a big money to your a trophy-level combined-explore assets. Andy and his group performed an extremely diligent business off protecting a fund plan for their visitors during the a very hard funding environment (COVID19) in which the marketplace for larger cutting-edge financing was extremely limited. It, at all times within the processes, provided its buyer with several artistically structured solutions and you can good advice usually employing client’s welfare at heart. Likewise, Sapphire is actually closely in it regarding the closure techniques and you may is toward finest of every aspect of the bargain to be certain a softer and profitable execution. I would recommend Sapphire and check forward to working with all of them once again towards future transactions.