NEWPORT BEACH, CA--(Marketwire - Aug 13, 2012) - Sabal Financial Group, L.P., a privately held diversified financial services firm, has appointed Mark E. Foster as General Counsel. In this role, Foster will be responsible for all legal and regulatory aspects of Sabal's business operations. He will be focusing on strategic corporate issues and legal issues surrounding real estate transactions, including acquisition, management and disposition of assets and alternatives for distressed loans. Foster will manage all litigation matters related to loans and assets and identify areas of risk as well as opportunity.
"With 15 years of experience in the real estate industry, Mark has a deep understanding of regulatory compliance and risk management issues affecting all aspects of our financial services platform," said Pat Jackson, Chief Executive Officer of Sabal Financial Group. "He is a serious real estate expert and we are excited to have him on board as we continue to expand our advisory services and grow our management portfolio."
Foster's extensive experience in commercial real estate includes active involvement in acquisitions, dispositions, leasing, entitlements, real estate licensing and title insurance issues. He has represented both traditional lenders, life insurance companies, and commercial lenders active in the commercial mortgage backed securities market (CMBS).
Previously, Foster was Vice President and Senior Counsel at The Rockefeller Group, where he was responsible for negotiating and finalizing in transactions relative to the company's development, management and ownership operations. Prior to that, Foster served as Regional General Counsel at Toll Brothers, Inc., the nation's largest builder of luxury homes, where he managed legal issues related to development, land acquisitions, purchase contracts, joint ventures and land banking transactions. Foster also served as a real estate attorney with Allen Matkins Leck Gamble and Mallory.
Foster received his Juris Doctor from the University of Southern California Law School, where he served as Notes Editor for the Southern California Law Review. He also received his Bachelor of Science in International Relations, Political Science and Economics from the University of Southern California. Foster is a licensed real estate broker.
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. Sabal Financial Group is a privately held company that has approximately $3.5 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. www.sabalfin.com