eters, and you may COVID-associated supplies are creating an alternate ecosystem where financing proceeds to have acquisitions and you can refinances try 20% so you can 29%+ below pre-COVID underwriting conditions. SCG enjoys an established background when you look at the successfully using-ground book resource ways to solve re-finance and you may buy collateral shortfalls which can be impacting citizens, operators and you will builders regarding industrial real estate properties.
Floor Lease Resource
We control our very own comprehensive system off investors, one another individual and you will organization, getting lower cost resource and you can decreasing the guarantee need for the sponsors.
Personal debt & Arranged Funds
Sapphire Money Category provides more 70 years of mutual feel researching investments and originating around $8 billion (comprising three hundred+ transactions) out-of mortgage debt and arranged finance choice for commercial a residential property customers and you may designers.
Equity Location
SCG features a verified history of planning joint venture security partnerships and LP expenditures with one another institutional and you will household members office investors.
Testimonials
Andy, Walter, and Zach artfully navigated an incredibly tricky contract throughout the a highly difficult big date. Their particular structure allowed us to intimate towards the a great deal when old-fashioned financing are impossible to find on account of COVID-19. Sapphire struck a flaccid harmony between becoming cocky in the driving the brand new contract together towards the our rigid timeline, being collaborative to your plethora of stakeholders involved.
I’ve worked with Andy and his cluster due to the fact 2016 with the several collateral recapitalizations in our scholar houses deals on the southeast, a land buy with certainly Andy’s friends workplace people and you may chances Zone individual whom invested $25M in a multiple members of the family innovation offer during the Jacksonville. Andy has become receptive and also complete any type of was requisite to assist us align the administrative centre necessary to close in a timely manner. We have finalized on the several deals with the exact same individual and therefore is an announcement out of Andy’s integrity and you may professionalism.
Andy and his cluster during the SCG were instrumental for the organizing the fresh obligations and you will equity for example of your prominent portfolio acquisitions history season inside 2018. The guy here is their site and his group has worked understand all of our business strategy and you may brought all of us the main city i must execute, and additionally a beneficial co-GP security partner that fit effortlessly with your operational and you will government means.
We have worked with Andy since i been investing in industrial a residential property more than 2 decades ago. This past year Andy and also the cluster on SCG performed into several highest, cutting-edge assignments to have UIP. The original endeavor, a ground-right up residential higher-increase advancement, included EB-5 investment and you may an institutional fee investor. Next endeavor, together with higher and you may cutting-edge, requisite the group to perform within an incredibly thin window having closure. Andy and his awesome Team raised both individual and you will organization collateral, and you will earned an organization commission buyer towards the $100 MM order into the Washington D.C. In the two cases Andy in addition to dudes in the SCG did to help you know the needs and you will critical due dates, fundamentally getting the required funding for all of us to shut.
I got the new fulfillment where you work with Sapphire Funding Class (Andy, Walter and Zach) in conclusion a huge capital for the an effective trophy-grade blended-explore possessions. Andy and his awesome group performed an incredibly diligent jobs of protecting a loans bundle due to their buyer while in the an extremely hard financing ecosystem (COVID19) where in actuality the marketplace for larger cutting-edge fund try most limited. They, at all times in process, offered the visitors that have multiple artistically planned alternatives and you may good advice usually along with their client’s passion at heart. In addition, Sapphire is actually intimately involved regarding closing procedure and you may was on most readily useful of any aspect of the deal to be sure a mellow and you may winning execution. I’d suggest Sapphire and look toward handling all of them again toward future purchases.