(Visit the DistressedAssets page on GlobeSt.com.)
In January, Sabal Financing Group LP, a NewportBeach, CA-based financing services management firm that specializesin the acquisition and valuation of portfolios of real estateloans, acquired a $204-million portfolio of performing andnon-performing loans. The firm would provide loan servicing andasset management for the portfolio.
Consisting of mainly commercial and resident acquisition,development and construction loans, the acquired portfolio wassecured by properties across the US, and “represents the distressin the market that is ailing banks across the country and abroad,”according to the firm.
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