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Multifamily borrowers are finding alternatives to the agencies. Irvine, California-based lender Sabal Capital Partners recently closed on the $70 million refinance of a 17- property multifamily portfolio in the Bronx borough of New York through its S-CRE program. The portfolio includes five loans secured by a total of 477 rental units. The borrower refinanced out of a Freddie Mac loan, and the deal is an example of growing interest in alternative loan options.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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