I wholeheartedly recommend which imaginative, committed, and you will imaginative people

I wholeheartedly recommend which imaginative, committed, and you will imaginative people

eters, and you will COVID-associated reserves are creating another environment where financing proceeds to own purchases and you may refinances is actually 20% to 30%+ lower than pre-COVID underwriting criteria. SCG provides a reputable history in the properly using ground rent capital solutions to solve refinance and you may acquisition guarantee shortfalls that will be impacting residents, workers and you may developers out-of industrial properties.

Ground Book Capital

We power our comprehensive network from buyers, one another individual and you can organization, taking cheaper financing and you will reducing the guarantee dependence on our very own sponsors.

Personal debt & Organized Funds

Sapphire Resource Category provides more than 70 many years of joint feel evaluating opportunities and originating as much as $8 million (comprising three hundred+ transactions) of home loan debt and arranged loans choices having industrial a house residents and you will builders.

Guarantee Placement

SCG features a verified reputation planning jv collateral partnerships and you can LP financial investments with both institutional and you can family relations work environment dealers.

Recommendations

Andy, Walter, and you may Zach artfully navigated a very difficult price during the a very challenging date. Their particular framework allowed us to romantic towards a package when traditional https://paydayloanalabama.com/mulga/ investment was impractical to come across due to COVID-19. Sapphire hit a mellow equilibrium between getting cocky into the moving the newest price with each other on all of our tight timeline, being collective on multitude of stakeholders involved.

I’ve worked with Andy and his party as the 2016 for the a few collateral recapitalizations your college student construction business in the the southern area of, an area acquisition which have among Andy’s family relations work environment traders and you will an opportunity Zone investor exactly who invested $25M when you look at the a multiple nearest and dearest invention deal during the Jacksonville. Andy has been responsive features complete any kind of try expected to help all of us align the administrative centre had a need to close in a punctual style. We have signed towards several deals with the same trader hence was a statement away from Andy’s integrity and you can reliability.

Andy and his awesome class in the SCG was in fact important during the arranging the latest loans and you can equity for starters of your prominent portfolio purchases past seasons inside 2018. He and his awesome class did knowing our business plan and you will introduced you the administrative centre we necessary to execute, and an excellent co-GP guarantee spouse that fit seamlessly with this functional and you can administration method.

I’ve worked with Andy since i started investing commercial real estate more than 2 decades back. A year ago Andy and team from the SCG done toward a couple large, complex assignments to own UIP. The initial investment, a ground-up home-based high-go up development, included EB-5 financial support and you will an institutional commission trader. Next opportunity, including large and you may cutting-edge, required the group to do within an incredibly narrow windows to own closure. Andy and his Class raised each other private and institutional equity, and you will brought in an institutional percentage investor into $100 MM buy inside the Arizona D.C. In both cases Andy together with dudes at the SCG did so you can see our demands and important deadlines, sooner or later getting the necessary capital for us to close off.

I had brand new fulfillment in the office which have Sapphire Money Group (Andy, Walter and you will Zach) in conclusion an enormous investment to the a good trophy-amount mixed-use assets. Andy and his people did an incredibly diligent jobs out of protecting a finance bundle for their customer throughout an incredibly tough financial support environment (COVID19) the spot where the market for huge cutting-edge financing try very constrained. They, all the time into the procedure, considering the visitors which have multiple creatively organized choice and you can helpful advice usually making use of their customer’s passions planned. As well, Sapphire is actually closely on it regarding closure procedure and you will is on the greatest of every aspect of the bargain to be certain a mellow and you will profitable delivery. I would strongly recommend Sapphire and look toward working with all of them once more for the coming transactions.

 

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