SOURCE: Sabal Financial

August 27, 2012 10:00 ET

Sabal Financial Group Announces Acquisition of CMBS Loan Portfolio From CW Capital

Sabal Financial Increases Loans Under Management From $2 Billion to Nearly $4 Billion in One Year

NEWPORT BEACH, CA--(Marketwire - Aug 27, 2012) - Sabal Financial Group, L.P., a diversified financial services management firm, announced the recent acquisition of a CMBS commercial mortgage-backed securities (CMBS) loan portfolio of non-performing securitizations with commercial real estate assets located across the country. Sabal Financial Group purchased the loans from CW Capital.

"We were particularly attracted to this acquisition due to the CMBS nature of the portfolio and the opportunity to leverage our expertise as a rated special servicer with all the expert talent and capabilities of Sabal," said Pat Jackson, CEO of Sabal Financial.

Sabal Financial Group will provide loan servicing and asset management for the portfolio. The company 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. 

Sabal Financial Group is rapidly expanding its operating platform in response to the growing market of performing and non-performing loan portfolios for sale and an increase in asset valuation assignments. The firm has nearly doubled its loans under management and its employee base in the last year and expanded its headquarters office in Newport Beach to accommodate the rapid growth.

Sabal Financial Group is a leading provider of financial guidance to investment and commercial banks, including capital assessments based on portfolio and allowance for loan and lease loss ("ALLL") analysis, having performed more than 130 bank valuations over the past 24 months. 

"Our team's real estate and banking expertise is one of the best in the country. As an unregulated, private investment firm, we are able to develop the value of these real estate assets more effectively than the banks, which are confined by regulations and other structured challenges," added Jackson.

In June 2012 Sabal entered residential builder lending, in part to fill a void that was once filled by regional and community banks. Sabal now offers non-recourse acquisition and development and construction loans for homebuilders in California, Washington, and Portland. 

About Sabal Financial Group
Sabal Financial Group, L.P. is a nationwide diversified financial services firm specializing in the acquisition, valuation, management and servicing of commercial real estate and acquisition, development and construction (ADC) loans and mortgages. Sabal Financial Group provides credit advisory services and loan portfolio management and performance assessments for investment and commercial banks, including capital assessment based upon portfolio and ALLL analysis. Sabal also provides construction and A&D loans to established middle-market residential builders in California, Washington and Oregon. Sabal Financial Group is a privately held company that has approximately $3.75 billion under management and is led by a senior management team with extensive banking and real estate expertise in both the governmental and private sector. Sabal Financial Group is headquartered in Newport Beach, CA, with offices in Pasadena, CA, Miami, Washington, DC, Greenville, SC and New York City.

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