eters payday loans Pine Hill, and you can COVID-related reserves have created another environment in which financing continues for acquisitions and refinances try 20% so you’re able to 30%+ less than pre-COVID underwriting standards. SCG provides a professional history for the successfully using-ground rent capital methods to solve refinance and purchase security shortfalls which can be impacting residents, providers and you may designers off industrial properties.
Soil Book Funding
We power all of our detailed system from buyers, both private and organization, getting less expensive resource and you can decreasing the collateral significance of our very own sponsors.
Obligations & Prepared Loans
Sapphire Resource Classification have more than 70 numerous years of mutual feel evaluating investments and you will originating everything $8 million (comprising three hundred+ transactions) out-of financial loans and arranged finance possibilities to own industrial real estate owners and designers.
Equity Position
SCG keeps a proven reputation organizing m&a collateral partnerships and LP financial investments having both organization and friends work environment investors.
Recommendations
Andy, Walter, and you may Zach artfully navigated an incredibly complicated contract throughout the a highly challenging go out. Her framework allowed me to personal on a great deal when antique investment is actually impractical to find because of COVID-19. Sapphire struck a smooth harmony ranging from are cocky from inside the pushing the price with each other into the our strict schedule, being collective toward plethora of stakeholders inside it.
We have worked with Andy along with his cluster while the 2016 to the several collateral recapitalizations your student houses business regarding the southern part of, a land acquisition having certainly one of Andy’s family place of work people and you will the possibility Region trader whom invested $25M for the a multiple loved ones advancement offer from inside the Jacksonville. Andy has long been responsive possesses complete any are requisite to help all of us line-up the main city needed to close in a timely style. You will find closed for the multiple purchases with similar trader and that are a statement away from Andy’s integrity and you will reliability.
Andy and his awesome team from the SCG had been crucial from inside the planning the latest obligations and you may equity for just one of our own largest collection purchases last 12 months inside 2018. He with his team has worked to learn our very own business plan and you can brought you the capital we must do, including a great co-GP security spouse that fit seamlessly with the help of our operational and you will management strategy.
I’ve worked with Andy since i have become investing in industrial a residential property over two decades before. Just last year Andy as well as the group on SCG carried out for the one or two higher, complex tasks having UIP. The original opportunity, a ground-right up home-based large-go up creativity, incorporated EB-5 financing and you can an organization percentage investor. Another enterprise, including large and you can advanced, called for the group to do contained in this a highly thin screen having closure. Andy and his awesome Class increased one another private and you will organization collateral, and you may brought in an organization percentage investor on the $100 MM buy in Washington D.C. In both cases Andy additionally the men at SCG worked to help you understand all of our need and you can critical work deadlines, fundamentally providing the necessary money for all of us to close.
I experienced the fresh new fulfillment at your workplace having Sapphire Funding Class (Andy, Walter and you can Zach) to summarize a large money into an effective trophy-amount mixed-explore possessions. Andy with his group performed a very patient job out of protecting a finance bundle because of their buyer during the an extremely hard capital ecosystem (COVID19) where the market for big cutting-edge loans are really constrained. They, all of the time in the process, provided its buyer that have numerous artistically structured choice and helpful advice always using their buyer’s passion at heart. At the same time, Sapphire try closely with it regarding the closure techniques and is towards better of every aspect of the package to make certain a smooth and you will winning delivery. I might highly recommend Sapphire and look toward dealing with all of them once more on upcoming deals.