convergent capital partners santosh

for a total of 45 300,00 loaned, reimbursed in 161% monthly installments of %mensualit%, not including insurance(s) and/or optional service(s): 61 766,30. We're very selective, but once we identify an asset class we move quickly. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. The good thing is it's well located, there are multiple uses for that property and we just want to make sure we do the right thing. Mr. Govindaraju obtained a Bachelor of Science in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania and concurrently earned a B.A.S. Total cost of loan: 15 786,80, including an application fee of 679,50. Santosh and his firm, Convergent Capital Partners, have been providing equity and debt investment options in a variety of Florida commercial real estate for over 17 years. Legal notices Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. - Il y a un petit choc l'arrire, il sera rpar pour la vente Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent an Read More Contact Who is Convergent Capital Partners Headquarters Want to contact the Administration of Sax? There are a lot of different options we can pursue there. our sites and services. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Industry Finance General Finance Discover more about Convergent Capital Partners Org Chart - Convergent Capital Partners Paul Erdman Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. Calling all real estate enthusiasts! While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. Private Equity Stage Investors Private Equity Firms, Number of portfolio companies associated to the Person, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, This describes the type of investor the person is (e.g. Its been a great story since we bought it.. . Convergent Capital Partners previously purchased the 250,000-square-foot Tampa Bay Times HQ in St. Petersburg in 2016 and sold it two years later. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. 50.011. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. Sax Fax number. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. Conditions in force on 01/01/2021. Find all the information of Sax or click on the section of your choice in the left menu. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. Nearly a decade ago, when then-newly formed Convergent Capital Partners began acquiring real estate with $10 million it had raised, the company's goal was simple. In an interview last week with the Tampa Bay Times, Sachdev discussed Convergent's beginnings, its investment strategy and why it's bullish on Tampa Bay. Discover the benefits negotiated for you. From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. Bonjour, Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. "Projects were cash starved. Wall Street Lessons Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Length : 7,50 His other goal for Convergent Media is to be a part of, and win recognition at, celebrated annual film festivals such as ones in Cannes, France, or Toronto. TAMPA For a couple of local tech startups, the money from investors is just as green, even if it is coming from nontraditional sources. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. It was a risky move to focus on leisure travel, but one we felt could be worth it, based on all our research, and it paid off, Govindaraju says. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. How has your investment strategy changed over the years? site you are consenting to these choices. We care about your new community, and look forward to creating this special place for you. He is responsible for the strategic direction and growth of the company. 05 63 74 71 76. International: +33 5 63 74 71 76. Taking out a loan is a commitment and must be repaid. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. "They can grow rapidly with relative ease," Govindaraju said of Harness. Location So the core competencies are largely the same. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. The company's real estate holdings include among others 121 units in the 168-unit Legacy at Tampa condominium and 46 units at The Palms at Riviera Dunes in Palmetto. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. But we have invested in other areas and continue to look. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. The complete history of this vehicle is available online. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Negotiates acquisitions, overseeing all investment activities, financial affairs, and forging partnerships, Chief Executive Officer & Portfolio Manager. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Letsgetstarted. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Why did you want mortgages instead of the actual property? We are passionate about creating a strong, supportive community with excellent amenities. He is the president of a leading medical practice, but is also an entrepreneur at heart, supporting numerous technology and health care start-up companies. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. Convergent Capital Partners Tampa, Florida, United States 520 followers 500+ connections Join to view profile SAGE Development Group About I am currently pursuing my Master's of Science in. As Anand Vihars Director of Sales, Mr. Patel interacts with hundreds of active adults throughout the US and the world as they look to make Tampa Bay and Anand Vihar their future home. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. He is past President of the Asian American Chamber of Commerce. Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. We saw the opportunity that was in the (real estate) market with the economy the way it was. His wife and three sons are actively involved in the Indian community in Tampa. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. One property Convergent Capital has turned around that it isnt prepared to part with at least not yet is The Pointe, on Tampas Harbour Island. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. Agent | Closed Until 06:30 When it sold late last year, it was more than 90% committed. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Get a quote for your financing plan in just a few clicks. 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