I wholeheartedly highly recommend it creative, hardworking, and you can resourceful cluster

eters, and COVID-associated reserves are creating a new environment where mortgage continues to own purchases and you can refinances try 20% so you’re able to 31%+ lower than pre-COVID underwriting standards. SCG has actually a reputable history when you look at the effectively using-ground lease funding techniques to solve refinance and you can purchase equity shortfalls which can be affecting people, operators and you will designers from commercial properties.

Surface Lease Money

We leverage the comprehensive community away from investors, one another personal and you can organization, bringing less expensive financial support and decreasing the security importance of our very own sponsors.

Financial obligation & Structured Funds

Sapphire Resource Category has actually more than 70 many years of mutual experience researching investments and originating just as much as $8 billion (comprising 300+ transactions) off home loan loans and organized funds selection to own commercial a house citizens and you will designers.

Security Position

SCG provides a proven reputation arranging joint venture collateral partnerships and you can LP opportunities having both institutional and you can loved ones workplace people.

Recommendations

Andy, Walter, and you will Zach artfully navigated a highly difficult offer during a highly tricky day. Her build allowed us to personal on the a package when old-fashioned resource was impossible to come across because of COVID-19. Sapphire struck a delicate equilibrium anywhere between are assertive in the driving the latest package along towards the our rigorous schedule, being collaborative on the large number of stakeholders involved.

I have worked with Andy and his party as 2016 with the a few guarantee recapitalizations of one’s college student property revenue throughout the southeast, an area acquisition having among Andy’s members of the family workplace traders and you can an opportunity Region individual just who spent $25M in a multi family advancement package during the Jacksonville. Andy has always been receptive and contains done whichever are needed to greatly help united states line-up the main city necessary to close in a prompt style. You will find finalized towards the several deals with similar trader and that is a statement of Andy’s integrity and you will professionalism.

Andy and his cluster on SCG have been instrumental into the organizing the new debt and you can equity for one in our premier profile acquisitions past season during the 2018. The guy with his class has worked to understand all of our business strategy and you may delivered united states the main city i must play, plus a good co-GP equity partner that suit seamlessly with your operational and government means.

We have caused Andy since i already been investing industrial a property more two decades back. A year ago Andy and class at SCG executed for the a couple large, complex assignments having UIP. The original investment, a ground-right up home-based higher-rise development, included EB-5 capital and an institutional commission buyer. Next enterprise, in addition to highest payday loans Morrison Crossroads and you may complex, necessary the group to perform contained in this an extremely narrow window to have closure. Andy and his awesome People elevated one another personal and you will organization guarantee, and you will brought in an institutional payment trader into $100 MM order in Washington D.C. In both cases Andy and also the guys during the SCG spent some time working so you’re able to know all of our requires and you will crucial due dates, ultimately getting the required investment for all of us to shut.

I had the satisfaction at work which have Sapphire Funding Group (Andy, Walter and you can Zach) in conclusion a large financial support to your a great trophy-stages mixed-have fun with possessions. Andy and his cluster did an incredibly diligent occupations out-of protecting a loans plan because of their customer during the a very difficult resource ecosystem (COVID19) where in actuality the marketplace for huge state-of-the-art loans is extremely limited. It, at all times for the processes, given their client that have several artistically structured selection and helpful advice constantly along with their consumer’s passions in mind. Likewise, Sapphire was closely on it regarding closure process and you may try towards better of any facet of the contract to ensure a smooth and you can profitable performance. I would personally highly recommend Sapphire and look forward to handling them once more on upcoming purchases.