NEWPORT BEACH, CA--(Marketwired - Apr 24, 2014) - Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, banking and lending, announces the personnel additions of four new executives to its Home Builder Finance division, marking continued growth. Darren Fancher joined the Home Builder Finance senior team as the division's Head of Production. In addition, Sabal Financial named Will Rivett as Production Officer in San Francisco, Calif., Scott Wissbaum as Production Officer in Portland, Ore., and Paresh Patel as Production Officer in Newport Beach, Calif.
As Head of Production, Fancher will be responsible for managing the loan origination and production teams, helping to strengthen Sabal Financial's position as a leading, non-regulated lender to home builders nationwide. Prior to his current appointment, Fancher served as the Manager of Dispositions for Sabal Financial where he managed real estate assets. Fancher brings more than 15 years of experience in real estate, finance and law, including positions at Lehman Brothers and White & Lee, LLP.
"We are pleased to have Darren bring his expertise to the Home Builder Finance division," said Pat Jackson, Founder and CEO of Sabal Financial. "His understanding of the various facets of the real estate and home builder industries enables us to continue to keep our home builder clients and investors ahead of the curve."
Over the past year, Sabal Financial's Home Builder Finance division has experienced significant growth in the Northwest and Western markets. The addition of Rivett, Wissbaum and Patel underscores the strong performance of the division.
"Bringing in team members with an array of expertise is a vital step in expanding our Home Builder Finance division and to ensuring that we are able to provide the exceptional real estate and regional market guidance, as well as speed to financing, we are known for," said Jackson.
Rivett joined Sabal Financial with a background in mergers and acquisitions, and home building investment banking. As a Production Officer, Rivett originates for-sale housing construction, acquisition and development loans in the San Francisco Bay Area. Prior to joining Sabal Financial, Rivett was Vice President at Builder Advisor Group.
Wissbaum joined the team as a Production Officer, after previously serving at Sabal Financial as an Asset Manager. Wissbaum has more than 11 years of real estate acquisition, development, management, and finance experience proactively originating, underwriting, securing, structuring, managing, and servicing debt and equity investments across a broad range of real estate product types nationwide. Prior to his role with Sabal Financial, Wissbaum served as a Managing Partner of RED Group, LLC, where he provided underwriting services for a wide spectrum of real estate investment opportunities.
Patel has nearly 18 years of experience in the banking industry and a concentration in corporate business development within the real estate industry. Patel comes to Sabal Financial after tenure with Bank of American Merrill Lynch, where he most recently held the position of Senior Vice President in the firm's Commercial Real Estate Banking-Home Builder Division. At Sabal Financial, he will serve as Production Officer in the Newport Beach, Calif. office, also assisting with for-sale housing construction and acquisition and development loans.
For more information, please visit: www.sabalfin.com.