NEWPORT BEACH, CA--(Marketwire - Nov 6, 2012) - Sabal Financial Group, L.P., a diversified financial services firm, announces the launch of a commercial real estate (CRE) lending program that will provide bridge loans for value-add real estate opportunities.
Sabal's CRE lending program will initially provide bridge loans across all income-producing property types across the West Coast and eventually nationally. Sabal will focus on projects where a clear value-add opportunity exists, whether though leasing, renovations, repositioning, or improved management operations. Loans will be made on projects starting at $5M.
"Sabal has assembled an experienced team that knows how to evaluate opportunities in real estate," said Pat Jackson, CEO of Sabal Financial Group. "We don't lend solely on income in place, rather we focus on the viability of the business plan, the experience of the real estate operator and the end result."
As a non-regulated lender with a proprietary capital base, Sabal is unique in its ability to provide non-recourse loans and to move quickly with a high level of flexibility for projects with special considerations.
Sabal promoted James M. Martin to direct the new program. Martin is a 25-year veteran of commercial real estate finance, investment and asset management. He was formerly President of Martin Real Estate Group, a full-service Orange-County based commercial real estate brokerage company responsible for hundreds of financing and investment sale transactions across several property types throughout the western United States, and in senior management positions with The Picerne Group and ORIX USA.
"Our real estate expertise enables us to take on complicated projects in an industry where speed and service are critical," said Martin. "Our advanced technology infrastructure creates economies of scale that allow us to perform quickly and with certainty of execution."
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 provides construction and A&D loans to established middle-market residential builders and commercial real estate bridge loans in California, Washington and Oregon. Sabal Financial Group is a privately held company with approximately $4 billion under management and is led by a senior management team with extensive banking and real estate expertise in both the public 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. www.sabalfin.com