eters, and you may COVID-related supplies are creating an alternative ecosystem in which loan proceeds to possess acquisitions and refinances is actually 20% so you’re able to 31%+ lower than pre-COVID underwriting standards. SCG has an established background within the effortlessly using ground rent money ways to solve re-finance and you can order guarantee shortfalls that will be affecting customers, providers and developers of commercial properties.
Soil Lease Capital
I influence all of our thorough network out-of people, both personal and you will institutional, delivering less expensive resource and you may reducing the collateral need for the sponsors.
Debt & Organized Funds
Sapphire Money Class have over 70 several years of mutual feel researching expenditures and originating everything $8 million (spanning 3 hundred+ transactions) regarding home loan debt and arranged loans possibilities to own commercial a home owners and you can designers.
Security Location
SCG enjoys a verified track record of planning partnership collateral partnerships and you will LP opportunities having both organization and household members place of work buyers.
Feedback
Andy, Walter, and you may Zach artfully navigated an extremely challenging offer while in the a highly complicated big date. Their framework enabled me to intimate towards a package when traditional financing is actually impractical to come across due to COVID-19. Sapphire struck a flaccid equilibrium anywhere between becoming assertive during the pushing this new contract along towards our rigid schedule, being collective towards large number of stakeholders inside.
I’ve caused Andy and his team while the 2016 on the several guarantee recapitalizations of our scholar homes income from the the southern area of, a secure purchase having certainly one of Andy’s family unit members work environment buyers and you can chances Area trader just who spent $25M in the a multiple household members invention price inside the Jacksonville. Andy has always been responsive features complete any was required to aid all of us make the capital necessary to close in a quick fashion. You will find closed to the several deals with the exact same individual which was a statement regarding Andy’s stability and professionalism.
Andy and his party in the SCG was in fact instrumental within the arranging the loans and you may security for starters in our prominent portfolio purchases last year inside 2018. He and his awesome group https://paydayloanalabama.com/pleasant-grove/ spent some time working knowing our very own business plan and you can lead you the capital i necessary to execute, along with good co-GP guarantee lover that suit effortlessly with our operational and government method.
You will find worked with Andy since i have already been committing to commercial real estate more 20 years back. Just last year Andy and also the people in the SCG executed on several high, cutting-edge projects for UIP. The original investment, a footing-up home-based highest-increase invention, incorporated EB-5 funding and you will an institutional fee investor. Another project, also higher and complex, called for the team to execute within this a very slim windows getting closure. Andy and his Group elevated one another private and institutional guarantee, and you can earned an institutional payment trader towards the $100 MM acquisition for the Arizona D.C. In both cases Andy and also the men on SCG has worked in order to know our very own means and vital due dates, sooner taking the required financial support for us to close.
I had the fresh pleasure in the office that have Sapphire Financing Class (Andy, Walter and Zach) to summarize an enormous capital to your a great trophy-stages combined-fool around with possessions. Andy with his party did a highly patient employment off protecting a finance plan due to their consumer during a highly hard financing environment (COVID19) in which the market for big cutting-edge finance is actually extremely restricted. They, all the time within the procedure, offered its visitors that have numerous creatively structured options and you can advice usually with their customer’s interests in your mind. In addition, Sapphire is actually thoroughly involved regarding closure techniques and you can try to your most readily useful of every aspect of the package to make certain a softer and you may effective execution. I’d strongly recommend Sapphire and check forward to dealing with all of them once again to the future purchases.