Sabal Financial Group Announces Expansion of Home Builder Lending to Eastern United States
(firmenpresse) - NEWPORT BEACH, CA -- (Marketwired) -- 05/20/13 -- Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, lending and banking, has announced the expansion of its successful Home Builder Lending business into the Eastern United States. The firm will serve a range of reputable home builders with debt financing for the construction, acquisition and development of for-sale new home projects. The expansion brings Sabal's builder financing into the states of Florida, Tennessee, Virginia, North Carolina, South Carolina and Georgia, making the firm one of the only non-bank lenders providing home builder debt solutions coast to coast.
"The housing market is experiencing a strong recovery in the Southeast," said Sabal Financial Group CEO Pat Jackson. "We look forward to building upon the success of our Home Builder Lending business and in bringing our non-recourse finance solutions to builders with sound projects in the region."
Sabal's Home Builder Lending provides non-recourse loans in the $3 - 50 million range for a variety of for-sale housing types -- entry level to luxury -- including single-family detached, townhome and condominium communities. Sabal focuses on the feasibility of the project, the reputation of the builder, the strength of the builder's business plan and the builder's ability to execute, rather than solely on the borrower's balance sheet. Sabal's Home Builder Lending division is led by housing finance veteran Tom Farrell.
"The Eastern region encompasses multiple markets where new home inventory is low and the demand for new homes is high," said Farrell, director of Sabal Home Builder Lending. "The prospects for us are great in this region, where many talented builders lack the financing they need to get their projects built."
Sabal's Home Builder Lending division is comprised of an experienced team with extensive background in both home building and lending. The firm is focused on delivering financial decisions based on sound real estate underwriting and is able to provide quick turnaround decisions, giving builders speed to market benefits unavailable through traditional finance providers.
Sabal Financial Group, L.P. is an international diversified financial services firm specializing in real estate, banking and lending. The firm's flagship business has established a strong foothold in the distressed debt arena, bringing nearly $6 billion in real estate and land assets under management since the firm's inception in 2009. Sabal operates a number of complementary businesses including: Sabal Commercial Lending, a non-regulated debt provider offering acquisition, development and construction loans to established residential builders and commercial bridge loans to reputable real estate investors and owners; Sabal Commercial Advisors, a national transaction support services provider to CMBS investors and originators; the Sabal Bank Credit Advisory Practice, an advisor and M&A specialist serving commercial and investment banks with unbiased third-party credit portfolio risk and capital performance assessments; and Sabal Fund Surveillance and Analytics, a provider of expert oversight, reporting and disbursement controls on behalf of equity providers in real estate and non-real estate joint ventures, and controlled and non-controlled investment platforms.
A privately held company, Sabal Financial Group is headquartered in Newport Beach, CA. Visit the company online at .
Contact:
Julie Fornaro | Kira Sarkisian
IDEA HALL
(562) 587-3957 | (714) 263-8729
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Datum: 20.05.2013 - 16:18 Uhr
Sprache: Deutsch
News-ID 261656
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NEWPORT BEACH, CA
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Construction
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