NEWPORT BEACH, CA--(Marketwire - Jun 20, 2012) - Sabal Financial Group, L.P., a diversified financial services management firm, has announced that Tom Farrell will be joining the firm as Director of Builder Lending. Farrell will manage all aspects of for-sale residential financing from the initial stages of loan origination to the closing customer service. Within the builder lending program, Farrell also oversees new business development, loan administration and servicing standards.
Sabal recently launched its builder lending program to address emerging opportunities in financing for established middle-market home builders. Exclusive to California, the program provides non-recourse builder loans for senior debt with deal capitalization up to 80% of cost.
"There is currently a gap in financing of for-sale housing," said Farrell. "Sabal brings rare non-recourse options to builders with a platform that is efficient, effective, and delivers timely post-close service."
Farrell brings 26 years of experience in real estate financing. Prior to joining Sabal, Farrell was Division Executive of the Home Builder Division at Bank of America, the largest provider of construction financing to private homebuilders in the United States.
"Tom Farrell brings unmatched expertise in builder lending to our company as we provide construction financing, advisory services and financial solutions to private home builders," said CEO Pat Jackson. "His wealth of knowledge and experience makes him an invaluable asset to our team."
Farrell received his undergraduate degree in Natural Resources from Cornell University. He earned a Masters in Business Administration from Pepperdine University. He currently holds FINRA Series 7, 63 and 24 Securities Licenses. Farrell is a member of the board of HomeAid America Inc., Cornell University Real Estate Council, Urban Land Institute, Building Industry Association and National Association of Home Builders.
Sabal Financial Group specializes in the acquisition and valuation of portfolios of real estate loans, with a concentration on commercial real estate ("CRE") loans and commercial and residential acquisition, development and construction ("ADC") loans. The company currently oversees $3 billion in assets under management and is expanding their diversified practice with a new lending platform.
About Sabal Financial Group
Sabal Financial Group is headquartered in Newport Beach, CA, with offices in Pasadena, CA, Miami, Washington, DC, Greenville, SC, and New York City and London. www.sabalfin.com
Contact Information:
Contact:
Jamie Rudolph
IDEA HALL
(714) 263-8748
Jamie@ideahall.com