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TORRANCE, CA-Sabal Financial Group LP, a Newport Beach-baseddistressed-debt specialist, has made its first construction loanthrough the recently started builder-constructor lending program.The firm provided the $4-million loan to a group of borrowers,including Core Real Estate Services, Bali Construction and KeusderHomes Inc.
The loan was arranged for the development of 12 single-familyhomes near the Torrance Civic Center and Del Amo Fashion Center inTorrance. The project is scheduled to be completed next year.For the full story, go to Orange County Business Journal .
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