The borrower knows the asset best. One industry we're very bullish on is hospitality. Neal Patel - Tampa, Florida, United States - LinkedIn Make sure you are able to repay it before making a contractual commitment. Anand Vihar is the premier 55-plus community in the United States. Paul Erdman - Chief Exec.. - Convergent Capital Partners - ZoomInfo 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. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. Mr. Govindaraju graduated from the University of Pennsylvanias prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School and a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science and minors in Theatre Arts, Mathematics, and South Asian Studies. At. Because we know were only as good as our last deal.. Team Convergent Convergent Capital Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Convergent Medias goals go beyond recognition, however. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. Log In or Sign up to contact this investor. He is a member of Leadership Florida and the Committe of Foreign Relations. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Since 2008, Convergent has acquired over $400 million in performing / sub-performin g commercial mortgages and real estate. So the core competencies are largely the same. Total cost of loan: 15 786,80, including an application fee of 679,50. By continuing to use this site you are consenting to these choices. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. 2019 Anand Vihar LLC. Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. 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. This vehicle can be delivered to your home in 48 hours. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. Get a quote for your financing plan in just a few clicks. "They can grow rapidly with relative ease," Govindaraju said of Harness. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. Santosh Govindaraju - IMDb 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 Discover the benefits negotiated for you. Here are all the details of Sax available below. Agent | Closed Until 06:30 You last contacted this investor on . Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. Convergent Capital Partners focuses on what's next Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Cables de charge (si vhicule lectrique) : Prsence de corrosion sur la carrosserie : Le vhicule procde un gps / camra de recul ajouts et laisss par le propritaire. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. 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. "Projects were cash starved. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. 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. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Subscribe to our free Business by the Bay newsletter. Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn in Systems Engineering from the University's School of Engineering & Applied Science. Harness, a company founded by Miraj Patel and Andrew Scarborough, will receive $1.2 million from a group of investors led by Santosh Govindaraju, CEO of Convergent Capital Partners, a real estate private equity firm in Tampa with $250 million in assets. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. Location We're very selective, but once we identify an asset class we move quickly. Calling all real estate enthusiasts! Thanks to our partner AutoViza, get it here in just one click. . "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. You can read more about your. He has served as Chairman of the Board of Directors of the IndoUS Chamber of Commerce, and is past President of the Asian American Chamber of Commerce. The risk there was that so-called group business often is more predictable, albeit at lower room and food and beverage rates, than individual travel. At Made in the Basque Country. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Every time the market shifts, you have to shift, too. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. Mercury Insurance's office building at 1901 Ulmerton Road, Clearwater. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. Tampa Bay home sales are down. . Convergent Capital. ORIAS N 07023493 (www.orias.fr). Wikicampers offers you a 3-month SECUR warranty. 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. Copyright 2023 CB Information Services, Inc. All rights reserved. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. Santosh Govindaraju - Real Estate Development and Redevelopment How has your investment strategy changed over the years? 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. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. We are passionate about creating a strong, supportive community with excellent amenities. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. He serves on the board of directors of the IndoUS Chamber of Commerce, the board of directors of Asian American Chambers of Commerce of Tampa Bay, the board of directors of Chinmaya Mission Tampa Bay, and the board of trustees at Academy of the Lakes, all of which are in Florida. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. Web Design by Katapult Marketing. 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. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. Find below the times of sunrise and sunset calculated 7 days to Sax. We see a lot of room for growth and we want to be part of it. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. It's a beautiful location, but it needs a little cash, the property needs to be attended to. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. When it sold late last year, it was more than 90% committed. Join us at the Muma College of Business (BSN 225) on March 9th from 6:30-7:30 PM for an exciting presentation by Santosh Govindaraju, Founder and CEO of Convergent Capital Partners. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. We want to add a marina. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? Convergent is a pre-eminent and dominant player in Florida's real estate markets. His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. 24/7 technical support for vehicle operation. Santosh Govindaraju - TotalCommercial.com Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. We love the Tampa Bay market, St. Pete included. Insurance intermediary registered with the ORIAS under the number 07023493. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. The dealer is mandated on a non-exclusive basis to assist in the execution of the credit agreement without acting as a lender, he has no power to grant or manage the credit. Length : 7,50 Convergent Capital Partners owns Knights Point , a. Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. Learn more. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. Help We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. We want to maintain relationships with all these people because they are dealmakers. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. 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 Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance Wall Street Lessons Santosh began his career at Lehman Brothers in 1997 in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps, and floors. Santosh is a member the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, The Committee on Foreign Relations, and Leadership Florida. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Convergent Capital Partners revenue is $4.1 M, Convergent Capital Partners has 12 employees, Convergent Capital Partners headquarters are located in 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States, Convergent Capital Partnerss main industries are: Finance, Venture Capital & Private Equity, Convergent Capital Partnerss CEO is Paul Erdman, Convergent Capital Partners appears in search results as Convergent Capital Partners LLC, Convergent Capital Partners, Convergent Management LLC, Get Free Access to Convergent Capital Partners Contacts Info. Location Driven | Business Observer current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: site you are consenting to these choices. Want to contact the Administration of Sax? We have a highly skilled team with over 60 years of combined experience. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. Want more of our free, weekly newslettersinyourinbox? . Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. He is responsible for the strategic direction and growth of the company. Convergent Capital Partners - Ask For Funding You can read more about your cookie choices at our privacy policyhere. Convergent has several hotels, including the new Aloft in downtown Tampa, a Holiday Inn Express in Naples and Candlewood Suites hotels in Hilton Head, S.C., Charleston, S.C., and Athens, Ga. Why so many hotels? Convergent Capital joins Park Square ownership - Business Observer 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. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. What's Happening in #Tampa / #StPete: Convergent Capital Partners has purchased Mercury Insurance's Clearwater office building in a $19.6 million Liked by Santosh Govindaraju This is an. Vente CHAUSSON WELCOME Sax, Occitanie (81) - Wikicampers - Idal pour une famille car fait pour 5 couchages There are a lot of firms in Florida that bought mortgages with the intent to foreclose and own the asset, and they've done very well, but our focus wasn't that. Follow @susanskate. Convergent Capital Partners Company Profile | Management and Employees List Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Send Message. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. We always do what we say. Were being careful, and only working with very strong operators. The Class A office building, built in 1999, features a community gym and on-site caf, according to a Loopnet listing, which previously advertised the property for lease. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. 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. Its been a great story since we bought it.. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Why did you want mortgages instead of the actual property? There are a lot of different options we can pursue there. - Porte-vlo pour 2 vlos While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. We spent most of 2008 fundraising. But its a tough time to buy real estate.. It could be both office and retail, or it could be just office. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. CBI websites generally use certain cookies to enable better interactions with our sites and services. . . Find all the information of Sax or click on the section of your choice in the left menu. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. Locate simply the city of Sax through the card, map and satellite image of the city. For even more peace of mind, extended warranties will be available when you purchase. Sax Fax number. Nik Sachdev, Managing Director, Convergent Capital Partners. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. 1115 Narmada Way, Wesley Chapel, FL 33543. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . The complete history of this vehicle is available online. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Languages spoken: We secure the sale between you and the seller. Drs. With its recent purchase of Universal Health Care's former headquarters, Convergent Capital Partners instantly established itself as an important player in downtown St. Petersburg's torrid office market. Santosh Govindaraju - Biography - IMDb But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. He is past President of the Asian American Chamber of Commerce. Submitters are 7x more likely to receive a qualified connection. Fill out this form to learn more: Wikicampers acts as a trusted third party. At 100 W. Kennedy Blvd., in downtown Tampa, Convergent Capital and Liberty Group paired up in May 2012 to acquire the former Mercantile Building from the Federal Deposit Insurance Corp. for $2.2 million.
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