Andy, Walter, and Zach artfully navigated an incredibly complicated deal during an incredibly complicated time. Their unique structure enabled us to close on a deal when traditional financing was impossible to come by due to COVID-19. Sapphire struck a delicate balance between being assertive in pushing the deal along on our tight timeline, and being collaborative with the large number of stakeholders involved. I wholeheartedly recommend this creative, hardworking, and resourceful team.
Nora Dweck-McMullen
Dweck Properties
I have worked with Andy and his team since 2016 on a few equity recapitalizations of our student housing deals in the southeast, a land acquisition with one of Andy’s family office investors and an Opportunity Zone investor who invested $25M in a multi family development deal in Jacksonville. Andy has always been responsive and has done whatever was needed to help us line up the capital needed to close in a timely manner. We have closed on several transactions with the same investor which is a statement of Andy’s integrity and professionalism.
Jeff Rosen
Chance Partners, Jacksonville, FL
Andy and his team at SCG were instrumental in arranging the debt and equity for one of our largest portfolio acquisitions last year in 2018. He and his team worked to understand our business plan and brought us the capital we needed to execute, including a co-GP equity partner that fit seamlessly with our operational and management strategy.
Ian Ferguson
Middleton Meyers, Charlotte, NC
I have worked with Andy since I started investing in commercial real estate over 20 years ago. Last year Andy and the team at SCG executed on two large, complex assignments for UIP. The first project, a ground-up residential high-rise development, included EB-5 capital and an institutional fee investor. The second project, also large and complex, required the Team to perform within a very narrow window for closing. Andy and his Team raised both private and institutional equity, and brought in an institutional fee investor for the $100 MM acquisition in Washington D.C. In both cases Andy and the guys at SCG worked to understand our needs and critical deadlines, ultimately delivering the necessary capital for us to close.
Steve Schwat
Urban Investment Partners, Washington, DC
I had the pleasure of working with Sapphire Capital Group (Andy, Walter and Zach) in closing a large financing on a trophy-grade mixed-use property. Andy and his team did an extremely diligent job of securing a financing package for their client during a very tough financing environment (COVID19) where the market for larger complex loans was very constrained. They, at all times during the process, provided their client with multiple creatively structured alternatives and sound advice always with their client’s interests in mind. In addition, Sapphire was intimately involved throughout the closing process and was on top of every aspect of the deal to ensure a smooth and successful execution. I would highly recommend Sapphire and look forward to working with them again on future transactions.
Franklin Lin
Argentic Investment Management
I have had the pleasure of working with Andy and Walter on multiple debt and acquisition deals. They brought us and closed on a large Opportunity Zone land acquisition opportunity in Texas. Early in 2022, Sapphire Capital sourced and closed on an out of the box retail cash-out refinance. They managed to hold the rate and close a loan on an out of favor asset class during an absolute market meltdown. Andy and Walter are creative, responsive and experienced professionals with a ton of market wisdom.
Chris Westphal
Verde Communities, Washington, DC
Mike and I worked closely with Andy and Walter of Sapphire Capital Group on the recapitalization of our owned and operated 90,000 sq. ft. urban data center in Miami, FL. They did a great job in working with our team to evaluate the financing alternatives, to prepare a financing request that effectively presented the asset and our two revenue streams which come from a retail co-location customer base and our large scale HPC (high performance computing) suite tenants. They were quick studies on the data center space and used their commercial real estate underwriting experience to present the current and proforma Net Operating Income in a way that was clear, concise and thorough. The presentation was well received by a large group of Sapphire identified capital providers. They took the deal to the market during turbulent times in late 2024 and did a great job in securing multiple attractive bids. They also worked closely with us and the lender to get the deal closed in early 2025, with excellent execution as to price and terms, allowing us to repay a partnership loan and fund the additional landlord improvements for a lease signed by a large AI driven HPC tenant.
Bryan Mitchell
President, iM Data Centers, Miami, FLMichael Roark
CEO iM Data Centers, Miami, FL
We just completed a years-long effort to launch an institutional mixed-use development, the redevelopment of Eastgate Shopping Center in Falls Church, VA, and the Sapphire Team was instrumental every step of the way. Their unwavering focus on solutions and thoughtful guidance kept the deal on track. They truly understand the value of a balanced partnership. Because of their deep expertise, we are already looking forward to partnering with them on many future deals.
Trent Smith
Managing Principle, Insight Property Group
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