eters, and you can COVID-relevant reserves have created a separate ecosystem in which financing proceeds getting purchases and you may refinances was 20% to 30%+ less than pre-COVID underwriting requirements. SCG has an established background for the efficiently using-ground rent resource solutions to resolve refinance and you may buy collateral shortfalls which can be impacting residents, providers and you may developers off industrial properties.
Surface Rent Resource
We influence all of our thorough network out-of traders, both individual and you will institutional, delivering cheaper financial support and decreasing the security dependence on all of our sponsors.
Personal debt & Arranged Money
Sapphire Financing Class keeps more 70 numerous years of joint sense comparing financial investments and originating just as much as $8 billion (spanning three hundred+ transactions) from financial loans and you will organized funds solutions for industrial home customers and you may developers.
Collateral Positioning
SCG has a verified reputation planning m&a equity partnerships and you can LP financial investments which have one another institutional and you will relatives place of work buyers.
Testimonials
Andy, Walter, and Zach artfully navigated an incredibly challenging offer through the an incredibly difficult date. Their own build allowed us to intimate towards the a package when traditional investment was impractical to find on account of COVID-19. Sapphire hit a soft harmony anywhere between becoming assertive within the driving the newest package collectively with the our very own tight timeline, being collaborative on the plethora of stakeholders involved.
I have worked with Andy along with his people due to the fact 2016 to your a number of equity recapitalizations your student casing marketing from the southeast, a secure order which have certainly one of Andy’s loved ones office dealers and the possibility Region trader which invested $25M inside the a multiple nearest and dearest creativity package in the Jacksonville payday advance loans Selma AL. Andy has always been receptive and has done any type of try required to aid us make the capital had a need to close-in a quick fashion. I have closed into the numerous deals with similar buyer and that is actually an announcement away from Andy’s ethics and you will professionalism.
Andy and his class in the SCG had been important inside arranging this new loans and equity for just one of your premier portfolio purchases last season inside 2018. The guy and his party did to know our very own business strategy and you will put all of us the administrative centre i necessary to play, in addition to a good co-GP collateral lover that suit effortlessly with the help of our operational and you will management method.
I have caused Andy since i have come investing industrial a property more than two decades in the past. Last year Andy therefore the team at the SCG carried out on the several high, cutting-edge assignments having UIP. The initial endeavor, a footing-right up domestic large-rise creativity, incorporated EB-5 resource and you may an organization commission individual. The next opportunity, together with highest and complex, expected the group to perform within this a very slim windows to own closing. Andy along with his Cluster raised one another individual and you may institutional security, and you can earned an institutional fee individual for the $100 MM buy inside the Arizona D.C. In both cases Andy and also the guys from the SCG did so you can know all of our needs and you may critical work deadlines, sooner or later bringing the desired financial support for us to shut.
I got the newest satisfaction in the office which have Sapphire Funding Class (Andy, Walter and you may Zach) to summarize a giant financing toward an effective trophy-grade mixed-explore property. Andy with his people did a very diligent job out-of protecting a loans plan for their buyer throughout a highly difficult money environment (COVID19) where in fact the market for large cutting-edge funds is very constrained. It, all of the time inside techniques, considering the visitors with several creatively arranged selection and you can sound advice constantly employing customer’s welfare in mind. At exactly the same time, Sapphire was intimately with it on closure process and you may is into the top of every facet of the bargain to be sure a flaccid and you will effective delivery. I would highly recommend Sapphire and look forward to dealing with all of them again with the future deals.