Recent Transactions

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.

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.

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. 

ACQUISITION

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

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.

RECAPITALIZATION

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

DEVELOPMENT

SCG has arranged $20,800,000 of construction financing in connection with the development of Cambria Resort & Conference Center a to-be-built 133-key hotel & conference center located in Ocean City, MD

DEVELOPMENT

SCG has arranged acquisition, development, and permanent financing in connection with the development of Children’s National Pediatric Specialty Care Center a state-of-the-art 60,000 sf. comprehensive pediatric outpatient facility located in Lanham, MD

ACQUISITION

SCG has arranged $57,800,000 of JV and ground lease capital in connection with the acquisition of Onyx on First a 266-unit high-rise apartment building located in Washington, D.C.’s Capital Riverfront

REFINANCE

Arranged $20,000,000 of CMBS financing in connection with the refinance of Andrews Manor, a 290,000 sf. community retail center located in Camp Springs, MD.