SOURCE: Sabal Financial Group, L.P.

Sabal Financial Group, L.P.

January 07, 2015 12:00 ET

Freddie Mac Approves Sabal Financial as a Seller/Servicer for the Small Balance Loan Offering

Sabal Will Be the Fifth Seller/Servicer to Join the Program and the Only Utilizing the Proprietary SNAP™ Technology

NEWPORT BEACH, CA--(Marketwired - Jan 7, 2015) - Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, lending and banking, announced today its approval as a Seller/Servicer in Freddie Mac's new Small Balance Loan offering, which offers debt solutions for multifamily acquisitions and refinancing. Just one of six eligible Seller/Servicers approved by Freddie Mac for the new program, Sabal Financial will offer non-recourse mortgages ranging from $1 million to $5 million to eligible borrowers nationwide. The firm is the only participant in the program employing the proprietary SNAP™ web-based technology.

"As a national commercial real estate lender and a company whose core business interests focus on the small balance loan arena, Freddie Mac's new Small Balance Loan offering is a natural fit for Sabal Financial," said founder and CEO Pat Jackson. "Our expertise aligns well with Freddie Mac's goals for this new multifamily debt program."

The Freddie Mac Multifamily Small Balance Loan Program is designed to enable liquidity, stability and certainty of execution in the country's affordable rental housing marketplace. Applicable properties include conventional multifamily housing of five units or more with 90 percent or more occupancy, including properties with tax abatements and Section 8 vouchers. Notable components of the program include full-term interest-only options, low interest rates, non-recourse, 80 percent loan-to-value and flexible pre-payment options. Competitive pricing and streamlined loan processes are also cornerstones of the new program.

"Sabal Financial is a great Seller/Servicer addition for us," said David Brickman, executive vice president of Freddie Mac Multifamily. "The firm was selected for its demonstrated expertise in commercial real estate, particularly in the small balance finance market, as well as for its operational efficiency."

Sabal Financial will utilize its proprietary SNAP™ technology to ensure efficient processes during pricing, underwriting, closing and funding of loans through Freddie Mac's Small Balance Loan Program. A robust web-based platform, SNAP™ generates live quotes and automates portions of the application and closing process, ensuring speed to finance.

"Sabal Financial has placed technology at the center of its business processes from the start as a means to enable efficiency, speed and scalability in operations," added Jackson. "We created SNAP™ specifically for our lending businesses and it has allowed us to dramatically reduce our funding cycle while also providing our broker clients with a number of additional benefits."

Sabal Financial's participation in the Freddie Mac Multifamily Small Balance Loan offering will commence immediately, with loan processing operations occurring as of December 17. 

About Sabal Financial

Sabal Financial Group, L.P. is an international diversified financial services firm specializing in real estate, banking and lending headquartered in Newport Beach, California. The firm's flagship Principal Investments business has established a strong foothold in the distressed debt arena, bringing nearly $7.4 billion in real estate assets under management since the firm's inception in 2009. The Sabal Financial platform also operates a number of complementary businesses including Real Estate Capital Solutions, Advisory Solutions, Third-Party Servicing and Sabal Europe. For more information, visit sabalfin.com.

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