Recent Transactions

  • Murfreesboro, TN Student Housing

    May 2022

    ACQUISITION AND REPOSITION

    Sapphire Capital Group recently provided capital advisory services to a northeastern owner/operator/developer of multifamily projects, resulting in the successful acquisition of 264 units in Murfreesboro, Tennessee. Capital consisted of approximately $13,000,000 of joint venture equity and $36,000,000 of non-recourse senior bridge debt, allowing time for Sponsor to implement a large-scale renovation and reposition program, and to unlock value by converting the well-located property to conventional multifamily. Efficient coordination between sponsor, joint venture equity partner, and senior bridge lender was critical in meeting the time frame required under the sales contract.

  • Ashburn, VA Residential Land Development

    June 2022

    HORIZONTAL LAND DEVELOPMENT

    Sapphire Capital Group recently provided capital advisory services to a regional residential land developer, resulting in the successful refinance of Phase 2 of a project that will ultimately yield 174 market rate multifamily and townhome units in Ashburn, Virginia. The senior floating rate loan was provided by a local bank, who honored all terms negotiated prior to the recent run-up in interest rates.

  • Annandale, VA Retail Pad Site Development

    June 2022

    CONSTRUCTION AND TERM LOAN

    Sapphire Capital Group recently sourced a fixed-rate construction loan, convertible to permanent financing upon stabilization. The sub-4% debt provides the necessary capital for a privately owned regional real estate development and operating company to commence construction of a 13,582 SF strip retail center in Fairfax County, Virginia. The $6,500,000 senior fixed rate loan was provided by a local community bank and represents a new banking relationship for the sponsor.

  • Houston, TX Strip Retail

    June 2022

    REFINANCE

    Sapphire Capital Group recently provided capital advisory services to a national privately owned real estate development and operating company, resulting in the successful refinance of 34,547 SF of unanchored retail in suburban Houston, Texas. The $13,750,000 senior fixed rate term loan was provided by a privately held specialty finance company.

  • Southeast Multifamiliy Portfolio

    ACQUISITION

    Sapphire Capital Group recently provided capital advisory services to a northeastern owner/operator/developer of multifamily projects, resulting in the successful acquisition of approximately 500 multifamily units in the Southeast. Capital consisted of approximately $20,000,000 of JV Equity and $60,000,000 of non-recourse senior bridge finance.

  • Fairfax County, VA Retail

    May 2021

    REFINANCE

    SCG arranged a $26,800,000 permanent loan to recapitalize an existing bridge loan for a newly renovated and repositioned big box retail center in Fairfax County, VA.

  • Autumn Ridge Apartments

    April 2021

    RECAPITALIZATION

    SCG arranged $36,000,000 of bank financing for its client to recapitalize a recently developed Class-A multifamily project located in the Lopatcong, NJ. 

  • Austin Development

    January 2021

    ACQUISITION

    Advised family office on acquisition of 250+ developable acres in Austin, TX.

  • Southeast US Multifamily

    January 2021

    ACQUISITION

    SCG arranged $14,000,000 of JV financing for its institutional client to acquire an existing Class-A multifamily project located in the southeast.

  • Liz

    July 2020

    RECAPITALIZATION

    Sapphire Capital Group (“SCG”) arranged $93,000,000 in permanent financing to recapitalize the construction loan for the newly delivered LIZ.

  • 4701 Willard Avenue

    June 2020

    ACQUISITION

    Arranged $90,000,000 in ground lease capital through a private investment group in the form of a 99-year ground lease for the acquisition of a 525-unit multi-family property in Chevy Chase, Maryland. Additionally, the ground lease was structured to assure that 100% of Agency lender requirements were satisfied.

  • 1823 L Street NW

    February 2020

    ACQUISITION

    Arranged $18,000,000 of senior leasehold mortgage debt for the acquisition of 1823 L Street. Sapphire further advised on the restructuring of the existing ground lease as well as on the extended-stay corporate tenant, who will operate the property as a boutique hotel.

  • Grand Reserve

    January 2020

    ACQUISITION

    Arranged $21,000,000 of ground lease capital in connection with the acquisition of Grand Reserve Apartments, a newly completed 290-unit garden apartment community located in Nashville, TN that achieved stabilization in June 2019.

  • San Marco Crossing

    June 2019

    DEVELOPMENT

    Arranged $24,800,000 of opportunity zone capital in connection with the ground-up development of San Marco Crossing, a to-be-built 486-unit market rate rental apartment community located in Jacksonville, FL’s San Marco neighborhood.

  • Millennium Apartments

    March 2019

    ACQUISITION

    Arranged $54,000,000 of ground lease capital and senior secured leasehold financing in connection with the acquisition of Millenium Apartments, a newly completed 298-unit market rate rental apartment community located in Fort Myers, FL.

  • Rosemont Commons

    February 2019

    REFINANCE

    Arranged $49,000,000 of ground lease capital and senior secured leasehold financing in connection with the recapitalization of Rosemont Commons. A 500,000 sqft. super-regional shopping center located in Fairlawn, OH.

  • Annandale Plaza

    August 2018

    REFINANCE

    Arranged $24,000,000 of bridge financing for the Phase I redevelopment of Annandale Plaza, a 116,000 sf. neighborhood center to be repositioned as a specialty retail and entertainment destination located in Annandale, VA.

  • Kiley Apartments

    August 2018

    DEVELOPMENT

    Arranged $30,000,000 of ground lease capital financing for the development of Kiley Apartments, a to-be-built 315-unit luxury rental apartment building located in Washington, D.C.’s Southwest Waterfront.

  • The Crown Multifamily Portfolio

    June 2018

    ACQUISITION

    Sapphire Capital Group arranged $69,997,000 JV, GP Co-investment and senior debt financing for The Crown Multifamily Portfolio, three contiguous value-add multifamily apartment communities consisting of 984-units and 126 two-story buildings located in Charlotte, NC.

  • San Marco Promenade

    May 2018

    DEVELOPMENT

    Arranged JV land acquisition and GP Co-Investment financing for Phase I of San Marco Promenade, a multi-phase, mixed-use development project consisting of 250 luxury rental apartments and an aggregate of up to 520 market-rate rental apartments, ground floor retail, and surface parking located in Jacksonville, FL.

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