SOURCE: Sabal Financial

August 14, 2012 12:00 ET

Sabal Financial Group Announces Purchase of $121.5 Million Portfolio of Performing and Non-Performing Loans From a Southeast Regional Bank

Sabal's Total Loans Under Management Now Exceed $3.5 Billion

NEWPORT BEACH, CA--(Marketwire - Aug 14, 2012) - Sabal Financial Group, L.P. a diversified financial services management firm, has announced the acquisition of a $121.5 million portfolio from a southeast-based regional bank. The portfolio includes 44 loans with a combination of non-performing and performing loans that incorporate commercial real estate properties and land in Texas, Florida, North Carolina, South Carolina, Georgia, Virginia and Missouri.

"There continues to be a significant need for banks to clear their balance sheets of problematic loans," said Pat Jackson, CEO of Sabal Financial Group. "This particular acquisition strengthens our already robust presence in the southeast region."

Sabal 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 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 analysis, and has performed more than 130 bank valuations over the past 24 months.

In the last year, Sabal has doubled its employee base, in part to manage the flow of distressed loans the company is acquiring.

"We have the technology, personnel and scalability to take on and successfully manage large portfolios, even as we expand our business beyond real estate investing and advisory services," said Jackson.

In June 2012, Sabal established a builder lending program to fill the void left by community banks exiting for-sale residential financing. Sabal Financial Group offers non-recourse acquisition and development (A&D) and construction loans for homebuilders in California, Seattle, 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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