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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