eters, and COVID-associated supplies are creating another type of ecosystem where loan continues to possess purchases and you may refinances are 20% so you can 29%+ less than pre-COVID underwriting requirements. SCG possess a reliable track record inside the effectively using-ground lease financial support ways to solve refinance and buy security shortfalls which can be affecting owners, workers and builders from industrial properties.
Surface Book Funding
We influence our very own detailed circle of traders, each other individual and you will organization, delivering less expensive money and you will decreasing the collateral significance of all of our sponsors.
Personal debt & Organized Finance
Sapphire Investment Classification has more than 70 several years of combined feel comparing investments and you will originating around $8 mil (spanning three hundred+ transactions) out of mortgage financial obligation and structured money selection for industrial a property customers and you will designers.
Guarantee Positioning
SCG keeps a proven history of arranging m&a equity partnerships and you can LP opportunities which have one another organization and members of the family office people.
Testimonials
Andy, Walter, and you may Zach artfully navigated a very tricky package during a very challenging big date. Her structure allowed us to romantic towards a great deal whenever traditional capital is actually impossible to find on account of COVID-19. Sapphire hit a soft balance ranging from being cocky in driving this new contract collectively towards the the tight timeline, being collective into the multitude of stakeholders with it.
I have caused Andy along with his party while the 2016 towards the several equity recapitalizations of our own college student construction product sales from the the southern part of, a land purchase with certainly Andy’s family office traders and you can the opportunity Zone trader exactly who spent $25M into the a multiple family unit members creativity contract within the Jacksonville. Andy has always been receptive and has now done almost any are needed to assist you line up the capital needed to close in a punctual trend. We have signed on the numerous transactions with the exact same trader and that is an announcement out of Andy’s integrity and you may professionalism.
Andy and his class within SCG were instrumental within the arranging this new obligations and you will security for 1 in our biggest collection acquisitions past 12 months inside the 2018. The guy and his party did to understand all of our business plan and you may lead united states the main city i must do, also good co-GP security spouse that suit effortlessly with the working and management means.
I’ve payday loans online Virginia worked with Andy since i have been committing to industrial a house more 2 decades ago. Last year Andy additionally the party during the SCG done on a few high, advanced assignments getting UIP. The first investment, a footing-right up home-based high-go up development, provided EB-5 resource and you can an institutional percentage individual. The next opportunity, plus large and state-of-the-art, necessary the group to do inside an incredibly narrow windows for closing. Andy and his Class increased each other personal and you may institutional security, and you can introduced an institutional commission investor on the $100 MM acquisition in the Arizona D.C. In the two cases Andy therefore the men at the SCG worked to help you discover our very own needs and you can crucial due dates, eventually delivering the necessary funding for all of us to shut.
I had the fresh new pleasure in the office that have Sapphire Financial support Classification (Andy, Walter and you will Zach) in closing a large financing into the an excellent trophy-degrees blended-play with assets. Andy and his class performed a highly patient work of securing a financing bundle for their client during a highly hard capital environment (COVID19) where the marketplace for larger state-of-the-art financing try extremely limited. It, all of the time for the processes, considering their customer having several creatively arranged choice and you will sound advice always with the consumer’s passion at heart. Likewise, Sapphire is intimately inside it in the closing techniques and you can is on the most useful of every aspect of the bargain to make certain a flaccid and you can winning delivery. I might strongly recommend Sapphire and look forward to working with all of them once more on upcoming transactions.