eters, and you can COVID-related reserves have created a unique ecosystem in which financing continues to own acquisitions and refinances is actually 20% to 31%+ less than pre-COVID underwriting standards. SCG possess an established track record for the properly using ground rent financing techniques to solve re-finance and acquisition guarantee shortfalls which might be affecting residents, workers and you may builders out-of commercial real estate properties.

Surface Book Resource

We influence our detailed community away from investors, both individual and you will organization, delivering cheaper financial support and reducing the equity need for our sponsors.

Debt & Arranged Finance

Sapphire Funding Class has more than 70 years of combined sense researching financial investments and you will originating approximately $8 million (comprising 3 hundred+ transactions) from home loan loans and you can prepared financing options having industrial home citizens and builders.

Equity Placement

SCG features a verified reputation planning jv collateral partnerships and you may LP opportunities having each other organization and you can nearest and dearest office buyers.

Feedback

Andy, Walter, and you will Zach artfully navigated a very challenging contract through the a very tricky go out. Their unique build permitted us to close on the a great deal whenever conventional money are impractical to find due to COVID-19. Sapphire struck a silky equilibrium anywhere between are assertive within the pressing the newest bargain together toward our very own rigorous schedule, and being collective to the great number of stakeholders inside.

We have caused Andy along with his cluster just like the 2016 toward a few guarantee recapitalizations of our own scholar construction income on the southeast, an area purchase which have certainly one of Andy’s friends workplace traders and you may the possibility Zone buyer which spent $25M in the a multiple household members advancement package for the Jacksonville. Andy has become receptive features over any sort of is actually required to assist united states make the main city necessary to close in a punctual manner. You will find finalized toward several purchases with the same investor and that is an announcement away from Andy’s integrity and you may reliability.

Andy along with his class at SCG were instrumental in arranging the latest debt and you may collateral for starters of your premier profile purchases last year when you look at the 2018. He and his cluster worked to understand our business plan and you will lead you the capital i needed to do, plus a co-GP collateral partner that fit seamlessly with our functional and you will government approach.

I’ve worked with Andy since i have been investing in commercial a property over twenty years in the past. A year ago Andy together with class from the SCG conducted towards the two high, cutting-edge tasks to possess UIP. The original project, a footing-upwards home-based large-rise advancement, integrated EB-5 capital and an institutional payment investor. The next enterprise, along with higher and you will advanced, required the group to perform in this a very thin windows to have closure. Andy along with his Party raised both private and you can institutional security, and you may brought in an organization percentage trader towards $100 MM order in Arizona D http://www.paydayloanalabama.com/riverside/.C. In the two cases Andy and also the guys from the SCG worked in order to discover our very own needs and you will crucial deadlines, eventually providing the mandatory investment for all of us to close.

I’d the fresh new satisfaction at work having Sapphire Funding Category (Andy, Walter and you may Zach) in closing an enormous money toward a great trophy-degrees blended-explore property. Andy with his cluster did an incredibly diligent employment out-of protecting a loans package for their buyer throughout the a highly hard financial support ecosystem (COVID19) the spot where the market for big cutting-edge fund is very restricted. They, at all times inside techniques, given the buyer which have several creatively structured choices and you can advice usually due to their buyer’s interests planned. Likewise, Sapphire is thoroughly involved in the closing processes and you may is with the ideal of any facet of the deal to make certain a soft and you can effective delivery. I might recommend Sapphire and look forward to coping with them once more toward upcoming deals.