Sabal Capital Launches Commercial Loan Program for Select Core Properties

IRVINE, CA—Financial services firm Sabal Capital Partners reports the launch of a new commercial real estate loan program geared for core commercial real estate properties across the nation.

The new program offers qualified borrowers non-recourse loans in the $2-million to $20-million range for acquisition or refinance transactions. Sabal expects to complete $1 billion in transactions under this new program by the close of this year.

“The new commercial real estate loan program is Sabal’s answer to demand in the marketplace for a single solution focused on small balance loans,” says Pat Jackson, CEO of Sabal Capital Partners. “This new offering provides an attractive solution for the finance of numerous commercial property types and is notably available across the United States.”

The program is an expansion of the firm’s existing suite of small balance finance offerings beyond the multifamily arena, meeting demand in commercial real estate for a single source lender overseeing the total life of the loan, from term sheet to maturity, including servicing the loan and holding the B-piece, all under one umbrella, company officials state.

Sabal Capital states that eligible properties under the new program include a number of core assets including multifamily properties with five or more rental units, student housing, mixed-use, mobile home communities, multi-tenant office (medical office applies), multi-tenant retail (excluding regional malls), credit single tenant standalone retail, self-storage, flagged limited service hotels and multi-tenant light-industrial/warehouse/flex/R&D (no manufacturing included).

Sabal Capital boasts that some attributes of the program include speed-to-close, 10-year loan terms, up to 80% loan-to-value and financing availability across the country.

“This program is another product in a series of new debt offerings that Sabal is scheduled to introduce in the near term as we strategically address key market demand, grow our transaction pipeline and provide a single source for small balance debt execution,” Jackson adds.

Last August, a fund managed by Stone Point Capital, acquired a majority stake in Sabal Capital, a deal that helps fund the company’s growth plans.

Sabal Capital made news in late January when the firm closed the largest portfolio by loan balance in the history of Freddie Mac’s Small Balance Loan (SBL) Program. The $189 million portfolio encompasses 39 small balance debt transactions for properties located in East Harlem, NY.