eters, and COVID-associated supplies have created a separate ecosystem where financing continues for purchases and you will loans Putnam AL refinances is actually 20% so you’re able to 30%+ below pre-COVID underwriting criteria. SCG have a reputable track record when you look at the properly using ground lease funding techniques to resolve refinance and buy guarantee shortfalls that will be impacting customers, workers and designers from industrial real estate properties.

Surface Book Capital

We power our very own detailed system out of investors, both private and you may institutional, delivering lower cost funding and you will reducing the equity importance of our very own sponsors.

Obligations & Organized Money

Sapphire Resource Category have over 70 many years of combined feel researching investments and you will originating as much as $8 million (spanning 3 hundred+ transactions) out of home loan personal debt and you can prepared funds selection to possess commercial home people and you may developers.

Equity Position

SCG have a proven reputation planning partnership collateral partnerships and LP financial investments that have both institutional and family members office people.

Reviews

Andy, Walter, and you can Zach artfully navigated an extremely complicated bargain while in the a very complicated day. Their particular framework permitted me to romantic into a great deal whenever old-fashioned financial support are impractical to come by due to COVID-19. Sapphire struck a softer harmony between being assertive inside the moving brand new contract collectively on the the strict timeline, being collaborative for the great number of stakeholders with it.

I have caused Andy along with his class because the 2016 into the several equity recapitalizations of your student casing selling in the the southern part of, a secure purchase having one of Andy’s family members workplace investors and you will the possibility Region buyer which spent $25M for the a multi relatives advancement package inside the Jacksonville. Andy is definitely receptive and has over almost any is actually called for to aid united states align the main city needed to close in a timely styles. I’ve signed into multiple transactions with the same buyer and therefore is actually a statement out of Andy’s stability and you can reliability.

Andy along with his team during the SCG was important from inside the organizing this new financial obligation and you may equity for just one of your prominent portfolio purchases last season in 2018. He and his cluster spent some time working understand the business plan and you may lead you the administrative centre i had a need to play, and additionally a co-GP equity spouse that suit seamlessly with our working and you may government approach.

I’ve caused Andy since i come investing in commercial real estate more than 2 decades back. This past year Andy in addition to people within SCG executed on a couple high, cutting-edge tasks to have UIP. The first enterprise, a ground-up domestic large-increase advancement, provided EB-5 resource and you will an organization percentage trader. Another enterprise, and additionally higher and you will cutting-edge, required the team to execute within an extremely thin screen getting closure. Andy along with his Party increased both personal and you will institutional guarantee, and brought in an organization commission individual on the $100 MM order when you look at the Arizona D.C. In the two cases Andy and guys in the SCG did so you’re able to discover our requires and important due dates, at some point providing the required resource for all of us to shut.

I’d new pleasure in the office that have Sapphire Investment Group (Andy, Walter and Zach) in closing an enormous resource on the an effective trophy-levels blended-explore property. Andy along with his people performed an extremely diligent work out-of protecting a financing bundle because of their client through the an extremely hard investment environment (COVID19) the spot where the market for larger complex financing was really limited. They, at all times inside processes, given their visitors with several creatively arranged alternatives and advice usually with their client’s welfare planned. Additionally, Sapphire are closely on it regarding closing process and you will is actually on most useful of every facet of the package to ensure a flaccid and you will effective execution. I’d strongly recommend Sapphire and check toward dealing with all of them once more toward coming deals.