NEWPORT BEACH, CA—In this exclusive interview, SabalFinancial Group LP's Pat Jackson tellsGlobeSt.com that for un-stabilized, value-add and transitionalassets, lending decisions always come down to the real estate, thesponsor and if the sponsor can deliver on the business plan. Tohear more on the founder and CEO's thoughts about the CMBSmarketplace, the current state of capital markets and how is hasaffected competition and finance terms, see the interviewbelow.

GlobeSt.com: As a national firm active in multipleavenues of commercial real estate, distressed assets and finance,what are your thoughts on today's capital markets in terms ofopportunities and challenges?

Pat Jackson: Sabal has always been aninvestor and lender in underserved market niches. We continue tosee real opportunities across the country serving those nichemarkets. The real challenge we are facing is the industry heatingup ,which has led to less disciplined investors becoming moreactive. Real estate fundamentals ultimately need to be the driverof real estate investment decisions as they are critical to arobust recovery. If they go out the window, we start introducingunnecessary risk into the recovery.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.