eters, and you can COVID-associated reserves have created an alternate ecosystem where mortgage continues getting short term loans in New Hope purchases and you may refinances are 20% to help you 29%+ less than pre-COVID underwriting requirements. SCG keeps an established track record from inside the effortlessly using ground rent investment techniques to resolve re-finance and you may order guarantee shortfalls that will be affecting citizens, providers and designers away from industrial real estate properties.
Soil Rent Resource
I leverage our very own extensive community out-of people, both individual and organization, taking lower cost funding and you can decreasing the collateral importance of all of our sponsors.
Obligations & Planned Finance
Sapphire Funding Category features over 70 numerous years of mutual sense comparing investments and you may originating approximately $8 million (spanning three hundred+ transactions) away from financial debt and you may planned loans choices getting industrial real estate people and designers.
Security Positioning
SCG have a proven track record of arranging joint venture collateral partnerships and LP investment with one another organization and you can loved ones work environment investors.
Feedback
Andy, Walter, and Zach artfully navigated an incredibly challenging package through the an extremely challenging date. Their build allowed me to personal with the a package whenever traditional money try impractical to come across due to COVID-19. Sapphire struck a mellow equilibrium anywhere between getting cocky within the moving brand new deal with each other toward all of our tight timeline, being collaborative towards the plethora of stakeholders in it.
You will find worked with Andy and his class as the 2016 towards the a number of collateral recapitalizations of our own beginner property business on the southern part of, a secure purchase having one of Andy’s nearest and dearest place of work investors and you can chances Area trader which invested $25M when you look at the a multi family unit members invention package from inside the Jacksonville. Andy happens to be receptive and also over whichever is called for to simply help you align the capital had a need to close in a prompt fashion. You will find closed towards the numerous transactions with the same investor and therefore is actually a statement from Andy’s stability and you can reliability.
Andy and his class during the SCG was basically crucial during the arranging the newest debt and you can collateral for one of one’s largest collection purchases past year in 2018. The guy and his people spent some time working to understand all of our business strategy and you can put united states the main city we needed seriously to play, as well as an effective co-GP guarantee companion that fit effortlessly with these operational and you may administration means.
You will find caused Andy since i been investing commercial a property over two decades in the past. A year ago Andy while the group in the SCG conducted towards the a few high, cutting-edge projects to possess UIP. The initial endeavor, a ground-up domestic higher-increase invention, integrated EB-5 money and you will an institutional payment buyer. Next investment, as well as high and you can complex, necessary the team to do within a highly thin window for closing. Andy and his awesome Team increased both individual and you will institutional security, and you may introduced an organization commission individual toward $100 MM buy inside the Washington D.C. In both cases Andy therefore the guys at SCG did so you’re able to learn all of our need and you will critical due dates, eventually providing the required capital for all of us to shut.
I’d the fresh new satisfaction at the job that have Sapphire Investment Group (Andy, Walter and you will Zach) in conclusion a large money into a great trophy-values mixed-play with assets. Andy with his cluster did a highly patient work away from securing a loans package because of their buyer throughout an extremely difficult investment ecosystem (COVID19) where marketplace for larger advanced financing was most constrained. It, all the time within the process, given their customer that have several artistically prepared possibilities and you may good advice always using their buyer’s hobbies in mind. On top of that, Sapphire are thoroughly involved throughout the closure processes and you will try on the best of any facet of the bargain to make sure a mellow and successful performance. I would personally strongly recommend Sapphire and check toward dealing with them once more towards the future purchases.
