Sabal Financial Group, L.P. is a nationwide diversified financial services firm specializing in the acquisition, valuation, management and servicing of commercial real estate (CRE) and acquisition, development and construction (ADC) loans and mortgages. Sabal Financial Group provides credit advisory services and loan portfolio management and performance assessments for investors, investment bankers, and financial institutions, including capital assessment based upon portfolio and ALLL analysis. Sabal Financial Group is a privately held company that has $5.5 billion under management and is led by a senior management team with extensive banking and real estate expertise in both the governmental and private business sectors. The company is headquartered in Newport Beach, CA, with offices in Pasadena, CA, Atlanta, Washington, DC, Greenville, SC, New York City and London.
Sabal Financial Group, L.P. is an international diversified financial services firm specializing in real estate, banking and lending with nearly $5.5 billion in assets under management. Since 2009, the firm has established a strong presence in the acquisition, valuation, management and servicing of commercial real estate and acquisition, development and construction (ADC) loans. Sabal Financial Group is a non-traditional lender, providing construction and acquisition and development loans to established middle-market residential builders, as well as commercial real estate bridge loans to reputable real estate investors and owners in California, Washington and Oregon and Arizona.
Sabal’s diversified platform is complemented by its Bank Credit Advisory Practice that acts as an advisor and M&A specialist to commercial and investment banks seeking unbiased third-party credit portfolio risk and capital and performance assessments.
A privately held company, Sabal Financial Group is headquartered in Newport Beach, CA, with offices in Pasadena, CA; Atlanta, GA; Greenville, SC; Scottsdale, AZ; Washington, DC, Miami, FL, Kansas, New York City and London.
Sabal Financial Group is led by a core team of senior real estate and lending executives that represent extensive banking knowledge, real estate expertise and regulatory experience. Our senior leadership averages 20+ years of experience in their respective disciplines and collaborates to provide the firm’s clients with industry-leading financial services advisory and acquisition expertise.
R. Patterson (“Pat”) Jackson is Chief Executive Officer and Founder of Sabal Financial Group (“Sabal”), a diversified financial services management firm headquartered in Newport Beach, CA. He is responsible for the direction, management and business development activities of the company and oversees strategic business initiatives in support of the financial services practice. Under Mr. Jackson’s leadership, Sabal Financial has grown to more than $5.5 billion in assets under management with offices in five locations across the United States.
Mr. Jackson founded Sabal Financial Group, L.P. in 2009 to provide expert valuation, investment and asset management capabilities for ADC and CRE distressed and performing loans for its principal investors as well as credit advisory services and loan portfolio management and performance assessments. The company has performed more than 125 bank valuations and is a leading provider of financial guidance to investment and commercial banks.
Sabal is a rated special servicer for CMBS securities by Fitch Ratings and Morningstar. In 2012, Sabal expanded its offering to include new loan origination for construction and A&D loans to established middle-market residential builders in California, Washington, Oregon and Arizona.
Mr. Jackson is the former CEO and founder of IndyMac Commercial Lending Corporation, which he developed, launched and grew into a leading nationwide small balance commercial and multifamily lending platform with an annualized production of $1 billion. Previously he was CEO of IndyMac’s Specialty Products Group, including the Home Equity and Home Construction Lending divisions and Financial Freedom Senior Funding Corporation, which he acquired from Lehman Brothers and for which he served as Chairman. Under his leadership, loan production of specialty products exceeded $9 billion annually.
Mr. Jackson has also served as President and COO of Unitek Miyachi Corporation and held senior leadership positions with Signet Scientific Company and Intecolor Corporation.
Pat Jackson obtained a Bachelor of Science in Business Administration from the University of South Carolina and a Masters in Business Administration from Winthrop College Graduate School of South Carolina. Mr. Jackson is an accredited Mortgage Professional with the Mortgage Banking Association.
Kevin R. McKenzie is Head of Investments for Sabal Financial Group and leads Acquisitions, Portfolio Management and Servicing for Sabal’s national real estate portfolio. With more than 25 years' real estate experience, Mr. McKenzie has served as a developer, principal investor, advisor, investment banker and architect, working on more than $3.5 billion of property investments involving multifamily, industrial, office and retail properties. He provides extensive executive management, acquisition, development, asset management and capital markets/workout expertise.
Mr. McKenzie is also co-founder of Palisades Equity Partners, an opportunistic, value-based real estate investment firm. He previously served as president of Parker Properties, a Southern California developer of tenant-oriented office campus environments. While at Parker, Mr. McKenzie developed more than 750,000 square feet of Class A office buildings, including three LEED-certified Silver buildings. He has also held senior positions with Buchanan Street Partners, AEW Capital Management and a venture of Goldman Sachs/J.E. Robert Companies.
Mr. McKenzie earned his undergraduate degree from the University of Colorado and a Masters of Business Administration from the Anderson School of Business at the University of California, Los Angeles. He is a full member of the Urban Land Institute, a LEED Accredited Professional and a licensed California Real Estate broker. An ardent supporter of the Boy Scouts, he is an active member of the Executive Committee for the organization’s Orange County Council. Mr. McKenzie also served as a member of the Executive Advisory Board at the University of California, Irvine Paul Merage School of Business Center for Real Estate, and is an adjunct professor teaching Real Estate Capital Markets.
Ron Warwick is Chief Financial Officer and leads all finance, accounting, banking, audit, reporting and internal control functions for Sabal Financial Group. Mr. Warwick oversees all monitoring compliance with debt covenants, funds management and distribution requirements, investor reporting, tax strategies and issuance of audited financial statements for the firm’s investment vehicles.
Mr. Warwick is an experienced financial specialist whose 34-year background in commercial real estate lending and servicing includes financial operations management in highly regulated banking and financial services environments. Prior to joining Sabal, Mr. Warwick was Chief Financial Officer and Senior Vice President of the commercial service division at Aurora Bank FSB, formerly Lehman Brothers Bank. Mr. Warwick has served as Chief Financial Officer at Finance America, a residential real estate lending company and subsidiary of Lehman Brothers, and was Chief Financial Officer at Fremont Investment and Loan in Brea, California. His background also includes senior positions at Riverside Thrift and Loan, Staar Surgical Company, Kaypro Corporation, AVCO Financial Services and KPMG Peat Marwick.
Mr. Warwick received a Bachelor’s degree in Accounting from San Diego State University and an MBA from Claremont Graduate School. He is also a founding member and chair of the Financial Officer’s Group for the California Thrift and Loan Industry.
Mark E. Foster is General Counsel for Sabal Financial Group. He is responsible for all legal and regulatory aspects of Sabal’s business operation. He focuses on strategic corporate issues and legal issues surrounding real estate transactions, including acquisition, management and disposition of assets, and work-out alternatives for distressed loans. As General Counsel, Mr. Foster manages all litigation matters related to loans and assets. He also identifies areas of risk as well as opportunities for process improvement including creating, revising and implementing Policies and Procedures to establish a framework for scaled and tracked enterprise process improvements.
With over 16 years’ experience in commercial real estate, Mr. Foster brings extensive experience in acquisitions, dispositions, leasing, entitlements, real estate licensing and title insurance issues. He also has represented both commercial lenders active in the CMBS market, as well as traditional lenders.
Mr. Foster is the former Senior Counsel for the Rockefeller Group Development Corporation. In this role, he was responsible for all legal matters relating to the Company’s development, management and ownership operations in the Western States. Mr. Foster’s primary responsibilities included negotiating, structuring and implementing complex real estate transactions and joint ventures. Prior to his position with Rockefeller, Mr. Foster served as Regional General Counsel for Toll Brothers, Inc. (NYSE: TOL) where he oversaw transactional matters affecting the California region, including: negotiation of letters of intent, purchase contracts, joint ventures, land-banking transactions and off-balance sheet financing. Mr. Foster began his career as a real estate attorney in the Orange County office of Allen Matkins Leck Gamble Mallory & Natsis LLP.
Mr. Foster received his Juris Doctor from the University of Southern California Law School, where he served as Notes Editor for the Southern California Law Review. While at USC, Mr. Foster externed with the Los Angeles Housing Department, working with low-incoming housing tax credits. Mr. Foster also received his Bachelor of Arts in International Relations and Economics from the University of Southern California. Mr. Foster is a member of the California State Bar and is also a licensed real estate broker.
Sabal has assembled its senior management team from the top industry leaders in real estate, banking and finance.
Our senior team’s commitment to forward-thinking innovation, anchored by decades of experience, leads to superior results for our clients.
Maureen Connaughton is Special Counsel for the FDIC for Sabal Financial Group, LP, where she manages strategic corporate issues and legal issues surrounding real estate transactions, including acquisitions, sale and management of assets and alternatives for distressed loans. Ms. Connaughton handles all litigation matters related to loans and assets, while pursuing all recovery efforts where deficiency recovery opportunities exist, including title claims, borrower litigation, assignment of claims and guarantor of pursuit. Ms. Connaughton has over 20 years of experience in litigation.
Ms. Connaughton was Assistant General Counsel for IndyMac Federal Bank, where she handled a variety of litigation matters. She was instrumental in developing policies and procedures for the foreclosure and ORE groups and subsequently, implementing controls and reporting of foreclosure activity and ORE Assets. Ms. Connaughton worked closely with the FDIC legal staff when requesting an exemption from the mandate to suspend all foreclosure activity for the ADC portfolio, which was ultimately excluded.
Prior to IndyMac Bank, Ms. Connaughton was Chief Compliance/Regulatory Counsel for The Home Depot and all of its subsidiaries. She also served as Senior Corporate Counsel, representing The Home Depot in ongoing litigation and business matters, including residential and commercial real estate leasing, licensing and litigation and all construction issues from development and litigation.
Ned Smith is the Business Development Manager for Sabal’s Commercial Advisory Division where he is directly responsible for growing Sabal’s CMBS and third party advisory services platform. Mr. Smith joined Sabal in 2013 with 20 years of commercial real estate experience including loan originations, asset management, special servicing and client development.
Mr. Smith was most recently a Vice President - Special Servicing Manager at Midland Loan Services where he was a Special Servicing Team Lead with oversight responsibilities for a team of Special Servicing Asset Managers in Overland Park, KS and Dallas, TX while managing a portfolio of CMBS/Special Credit assets. Mr. Smith was a voting member on both Midland’s Asset Review and Advance Committees. Additionally Mr. Smith was responsible for client development, client relations, portfolio oversight and portfolio based initiatives.
Mr. Smith held numerous positions at Principal Commercial Acceptance, a CRE lender that provided value-add bridge loans, mezzanine financing, land loans and preferred equity. Mr. Smith’s roles included Vice President of Asset Management, Portfolio Manager, Underwriting and Production. Mr. Smith is a licensed attorney who practiced in the fields of Commercial Litigation, Contract Law, Business Litigation, Property Taxation and Regulatory Law.
Vartan Derbedrossian directs all loan servicing functions at Sabal Financial Group. He has 15 years of experience in the banking industry, including loan servicing, retail banking, asset management, liquidation management, risk management, policy administration and lending operations. Prior to joining Sabal, he led asset management for the Federal Deposit Insurance Corporation’s Satellite Office in Irvine, CA, serving as a voting member of the Credit Review Committee for all receiverships in the western region of the United States. In addition, he participated and led the resolution activities of a number of the largest failed banks.
Prior to joining the FDIC, Mr. Derbedrossian was the First Vice President of IndyMac Home Construction Lending (HCL), a specialty services division of IndyMac Bank, where he was responsible for the servicing operations for the nation’s largest residential consumer construction lending platform. He managed a $3 billion loan portfolio with 200 employees in two regional centers with responsibility for funding, post closing, servicing, customer contact center, disbursement administration, audit, vendor management, collections, foreclosure referral, and REO disposition. Mr. Derbedrossian has a BS in Business Administration and Finance as well as an MBA with honors from California State University, Northridge.
Tom Farrell is Director of Builder Lending for Sabal Financial Group. Mr. Farrell manages all aspects of for-sale residential financing from the initial stages of loan origination to the closing customer service. Mr. Farrell oversees new business development, loan administration and servicing standards for Sabal’s builder lending program.
Mr. Farrell was previously head of the Home Builder Division at Bank of America, the largest provider of construction financing to private homebuilders in the United States. Mr. Farrell has nearly 30 years of experience in real estate financing. He received his Bachelor’s Degree in Natural Resources from Cornell University. Mr. Farrell earned his MBA from Pepperdine University. He currently holds FINRA Series 7, 63, and 24 securities licenses. Mr. Farrell is a member of the board of HomeAid America Inc., Cornell University Real Estate Council, Urban Land Institute, Building Industry Association and National Association of Home Builders.
Jason Hull is the Director of Business Development for Sabal Financial Group. He is directly responsible for growing all areas of Sabal’s business, including commercial real estate investments, and all types of third party services.
Mr. Hull brings an extensive background in the management and disposition of more than $5 billion of distressed real estate. Previously, he directed the commercial real estate and business development efforts at Trigild Inc., a San Diego based distressed real estate firm, where he lead efforts to grow the commercial division, opening offices in Phoenix, San Francisco, Houston, Ft. Lauderdale and Washington DC. Mr. Hull launched Trigild’s commercial property management division, which today manages over 15 million square feet of commercial property and 5,000 apartment and self-storage units.
Mr. Hull was a Navy SEAL and Lieutenant in the United States Navy and was decorated for his valor in both Afghanistan and Iraq. He completed his undergraduate studies at the United States Naval Academy and received his Master’s Degree in Business Administration from Duke University.
Jason Childers is Sabal Financial Group L.P.’s Senior Manager of Technology. Jason Childers directs all technology operations and initiatives at Sabal Financial Group L.P., including development of Sabal’s proprietary asset acquisition and management platform, business continuity, and IT policies. He has 15 years of experience managing technology in multiple industries, primarily financial.
Mr. Childers was formerly Vice President in the Home Construction Lending (HCL) group at IndyMac Bank where he had primary responsibility for systems administration and application development. In this role, he led implementation and enhancement initiatives for IndyMac’s proprietary web-based construction loan administration and servicing platform. Prior to joining IndyMac, Mr. Childers was the IT Manager for a national private lender providing construction financing to independent home builders through a proprietary web portal and a national network of independent lumber dealers. He has worked in various management roles with national e-commerce, b2b, and software development companies prior to his focus on technology in the financial industry.
Mr. Childers earned a BS in Economics at Clemson University in South Carolina.
Ken Kraemer leads Managed Real Estate, Dispositions and Capital Markets at Sabal Financial Group. Mr. Kraemer’s primary focus is the overall management and orderly disposition of all owned real estate contained in the SFG portfolios.
Mr. Kraemer has over 20 years of experience in banking and home building. Before joining Sabal, he held a senior management position at RWR Homes in Los Angeles and San Diego where he was engaged in land development and home building projects in the western regions. His responsibilities ranged from acquiring and financing new developments to marketing land and completed homes to other builders and end users. Mr. Kraemer also focused on resolving distressed projects by working with municipalities, contractors, lenders, investors and the FDIC.
Earlier in his career, Mr. Kraemer was the founder of a successful commercial construction company engaged in residential and commercial projects throughout southern California.
Mr. Kraemer is a past member of the Building Industry Association of San Diego. He earned his Bachelor of Arts degree in Business Administration – Finance from California State University, Fullerton.
Alina Mardesich is the Business Development Manager for Sabal’s Commercial Real Estate Bridge Lending Group where she is responsible for growing Sabal’s CRE lending platform. Mrs. Mardesich joined Sabal in late 2012 with over 20 years of experience in the Southern California commercial real estate market including loan originations, asset management, business development, consulting and valuation.
Mrs. Mardesich was most recently a portfolio manager at US Bank where she was responsible for the management of a $300+ million CRE portfolio. Prior to joining US Bank, Mrs. Mardesich was Vice President of Business Development at Buchanan Street Partners where she was responsible for identifying new operating partners for the company’s joint venture equity funds. From 1996 to 2007, Mrs. Mardesich was Vice President at Fremont Investment & Loan where she originated over $1.2 billion in non-recourse bridge and construction loans. Prior to joining Fremont, Mrs. Mardesich was a portfolio analyst at The J.E. Robert Companies/Archon Group and a staff consultant/appraiser at Arthur Anderson & Co.
Mrs. Mardesich has been a featured guest speaker and panelist at numerous CRE industry conferences including CMBA, OPUS connect, Women in Real Estate and more.
Mrs. Mardesich received a B.S. in Real Estate Finance from the University of Southern California.
Jamey King directs Sabal Financial Group's Bank Credit Advisory Practice which provides advice to investors, investment bankers and financial institutions based upon credit-related due diligence services that range from policies and procedures review to ALLL analysis. Mr. King has over 25 years of banking experience that includes regulatory examination, bank management and advisory services.
Mr. King was most recently a divisional credit officer of the consumer construction lending division at IndyMac Bank where he created scalable asset management procedures consistent with bank regulatory requirements. Prior to this he was an executive with a national private lender where he led risk management, loan servicing and asset management functions, including managing under-performing and non-performing assets.
From 1992 until 1998 Mr. King was EVP and Director of a community savings bank in South Carolina where he chaired the Asset Liability Committee and oversaw all mortgage banking operations, including loan products, pricing, performance, foreclosures and dispositions. Mr. King has also worked for the Federal Home Loan Bank of Atlanta and the Office of Thrift Supervision, conducting onsite examinations of financial institutions’ operations and compliance related activities, holding companies and financial institution subsidiaries.
Jamey King received a BS in Administrative Management and a BS in Insurance and Economic Security from the University of South Carolina.
Jim Martin is Director of Sabal’s Commercial Real Estate Bridge Lending Group. Mr. Martin manages Sabal’s offering of creatively structured, non-recourse bridge financing solutions to real estate entrepreneurs on a variety of income-producing property types. Mr. Martin is a 25-year veteran of commercial real estate finance, investment and asset management. He is the former President of Martin Real Estate Group, a full-service Orange-County based commercial real estate brokerage company responsible for landing hundreds of financing and investment sale transactions, primarily in the $1-$25 million range, across several property types throughout the western United States.
Mr. Martin is the previous President of Picerne Real Property Advisors and a member of the executive team of the Picerne Group, one of Southern California’s most well-capitalized, privately-held investment firms with a track record of acutely-timed, large scale, highly-structured entrepreneurial investments and divestitures in the United States and Japan. Mr. Martin is the former Southern California Region Manager of ORIX USA, a capital provider offering a full range of high leverage real estate secured debt products.
Mr. Martin received his BS in Finance from Kansas State University and is a licensed California real estate broker, and is a member of several organizations including ICSC and NAIOP.
As Head of European Operations for Sabal Financial Group, Kathy Verner is directly responsible for business development abroad, external communications and establishing Sabal’s presence across Europe. Ms. Verner manages international transactions, European business development, operational integration, process flow and reporting of investment platforms.
Most recently, Ms. Verner was Senior Advisor at Grove International Partners, where she focused on providing sourcing and due diligence services for the company’s expansion in the US market. Previously, Ms. Verner was Managing Director and Chief Operating Officer at ORIX Finance, the largest non-bank public finance company in Japan. At ORIX, Ms. Verner focused on overall business strategy, business development, financial analysis and external financing.
Prior to ORIX, Ms. Verner spent over 12 years with Archon Group/Goldman Sachs. She held positions as COO of Goldman Sach Specialty Lending Group, a middle market corporate debt platform with a $3 billion collaterized loan obligation facility; Director of Archon Group Deutschland, where she was responsible for the integration of the purchase of Delmora Bank; and Director of Executive Operations as a part of Archon Group’s global executive team.
With more than 20 years of international finance and real estate experience, Ms. Verner has been involved in several high-profile organizations and innovative investment platforms. Ms. Verner’s areas of specialty include executive management of large multi-national real estate and corporate finance companies, underwriting, business development, operational integration and technology development and reporting of investment platforms.
Ms. Verner received her Bachelor’s Degree in Agricultural Economics from the University of Texas A&M and received her Master of Real Estate Degree from the University of Denver, Colorado.
Sabal Financial Group represents a corporate philosophy based upon the core practices of Innovation, Superior Service, Partnerships, Ethical Behavior and Teamwork. We’re proud of the team we have built, what they represent and the value this creates for our company and our clients. We believe that the manner in which a company conducts its business is as important as the business itself.
Innovation
Creative thinking is central to our values, assumptions and actions. Staying ahead of the competition requires inventiveness at the individual, group and company levels. Sabal is comprised of people who think outside the proverbial box and who thrive on innovative solutions. We value self-starters who embrace uncertainty, take initiative and are not afraid of projects that have no immediately discernible easy solution. The execution of creative options that add value for our investors results in above average returns, while our company and its employees enjoy new business opportunities based upon previous successes. Top of Page
Superior Service
Providing superior service is an essential ingredient in the delivery of our overall investment solution. Superior service means thinking as an investor in our diligence, management and disposition of every asset under our stewardship. We strive to deliver consistency of results and minimize risks in order to meet and then exceed financial expectations.
Our service is delivered via a complete package of employee expertise, technology and proactive intervention in the active management of each asset. Through a blend of hands-on management and leading edge tools, Sabal’s service and performance is directly aligned with our performance fee arrangements.
We believe in constant communication and interaction with our investors. We want every investor to thoroughly understand our platform, management approach, actions and results. Investor participation in investment committee decision making is encouraged, and our comprehensive investor reporting highlights both overall portfolio performance and loan/asset level transactions. Our aim is to provide our investors and clients with clarity in the status of their investments between official reporting cycles. Top of Page
Partnerships
Sabal has strong relationships with a broad network of operating partners who contribute extensive expertise and understanding of local market conditions to the entire deal lifecycle. These partners support Sabal in delivering superior asset-level management and execution capabilities for enhanced investor returns. Leveraging the internal technology platform of Sabal with a team of high quality real estate investment management experts, our operating partners are our first tier for local resources, services and opinion as we seek solutions to optimize value. Top of Page
Ethical Behavior
Sabal conducts business fairly, impartially, ethically, in full compliance with all laws and regulations, and in accordance with the company’s values and Code of Conduct. Integrity and respect underlies all company relationships, including those with customers, suppliers, communities and among employees. Our employees demonstrate maturity of judgment and personal integrity to operate in a manner that will not raise questions as to the company’s honesty or reputation. Top of Page
Teamwork
A harmonious workplace and a high espirt de corps is essential to a healthy company and long term performance. Individual successes are publicly recognized and the fruits of team effort are shared broadly and equitably. Our company is operated for the benefit for our investors, owners and employees. Our concept of teamwork extends to include all stakeholders and seeks a balanced approach that will ultimately deliver the best results over the long term. Top of Page
Sabal Financial Group operates a highly refined service platform that provides advisory services to Private and Governmental entities for financial institutions and specialized services to its Private clients which include Banks and Private Investors. Sabal’s services include:
For additional information, please contact: Jamey King at (864) 241-1100
Sabal’s Bank Credit Advisory Practice serves its clients with a tiered-evaluation approach that creates interim and final deliverables to provide early “go/no go” determinations, price negotiations and final-stage estimates of expected loss within the loan portfolio. Sabal Financial Group’s BCAP performs credit advisory services for:
Investors and Bank Holding Companies seeking to acquire partial ownership in operating banks or whole-bank purchase transactions. Our reports have been used to assess existing bank credit procedures including loan surveillance, portfolio management and adequacy of Allowance for Loan and Lease Losses. In the case of whole bank purchases, our report has frequently been used to help establish the opening balance sheet necessary under the Purchase Method of Accounting.
Investment Bankers seeking to recapitalize bank clients. Our evaluations and reports include content and scope required to assist investment bankers in providing relevant, unbiased credit and management assessments fundamental to their investment recommendation.
Banks seeking to exit shared loss agreements or seeking to validate existing procedures and adequacy of their ALLL, including community banks seeking to create relevancy through merger and subsequent recapitalization strategies. We work with banks seeking to acquire other banks on both a pre-failure and post-failure basis, and evaluate credit losses remaining in post-failure, loss share portfolios.
For additional information, please contact: Jamey King at (864) 241.1100
Learn More about Jamey King.
Sabal’s Bank Credit Advisory Practice (BCAP) provides advice to investors, investment bankers and financial institutions based upon credit-related due diligence ranging from policy and procedure review to ALLL analysis. Sabal deploys its professional loan review teams to evaluate loans, observe loan and portfolio management procedures and evaluate bank management skill sets. While on site, our team leaders provide interim reports to the client and highlight major findings, often daily. Sabal's BCAP provides analysis and conclusions tailored to the unique needs of each client.
We build a thorough understanding through various tiers of evaluation, including:
Preliminary ALLL Policy Assessment
Sabal Financial Group initially performs Preliminary ALLL Policy Assessments to determine management’s ability to assess and address the bank’s portfolio level losses. Our analysis begins with a review and commentary regarding the adequacy of written ALLL P&P. We then obtain, review, and summarize management reporting and any independent reviews and reports addressing ALLL, including CRE stress testing if performed. Based upon observations and conclusions gained from our earlier review, Sabal then performs Preliminary ALLL Stress Testing to refine early stage financial modeling and establish early stage negotiation. We determine Base Case/Best Case/Stress Case ALLL estimates to create an initial range of loss inherent in the reviewed portfolio.
Our findings culminate in a summary report outlining the methodologies used to address the adequacy of the board approved P&P and suggestions for enhancements, and a comparative report concluding an initial range of potential ALLL requirements and preliminary loss timing estimates. Top of Page
On-site Due Diligence
In order to validate modeled conclusions, Sabal then provides on-site, loan level due diligence services. Sabal deploys its professional valuation staff to directly evaluate loans, observe procedures and evaluate bank management skill sets. While on-site, team leaders provide interim reports to the client and highlight major findings as often as daily based upon the client’s communication requirements. Sabal performs these services professionally and respectfully, understanding that our on-site activities are a direct reflection upon our client.
The final deliverable includes a detailed written report discussing each asset type, major loan, and estimates of cumulative loss across a base and stress-case range. The report discusses the entire array of credit-related activities, including asset management functions, asset surveillance and impairment processes. This report is accompanied by a flat file containing reviewer notes and important valuation conclusions so the client can adjust assumptions to match late stage modeling requirements. Top of Page
Regulatory Asset Valuation Review Support
Sabal’s BCAP is skilled in the review of non-homogeneous loan portfolios and assets, including CRE, Multifamily, ADC, Land, Agricultural and OREO portfolios, and performs analysis and reviews subject to intense time pressures and restricted resources mirroring the due diligence parameters required of Acquiring Institutions. The resulting deliverable is an estimate of the Probability of Default, Loss Given Default and estimates of value for each loan pool at the sub-type level. Our diligence experience and procedures are routinely incorporated into reports involving troubled banks. These reports are well suited for Acquiring Institutions estimating losses in loan portfolios to be acquired under a shared loss agreement and for estimating loss remaining loan portfolios that are acquired subject to shared loss agreements. Top of Page
Shared Loss Agreement Termination
Sabal provides review and reporting used by Acquiring Institutions considering termination of a shared loss agreement. These evaluations provide the basis for initiating discussions with parties to the agreement. Sabal’s experience with AVR support translates well into this specialized estimate of loss within the acquired portfolio. The resulting deliverable is an estimate of loss for the entire portfolio by loan type a well as an estimate of Probability of Default, Loss Given Default and estimates of value for each loan pool at the sub-type level. Top of Page
Our asset management expertise spans the spectrum of CRE and ADC loans and real property investments with high level experience in maximizing risk-adjusted investment returns and meeting investor objectives. Based upon optimal servicing standards, Sabal creates an investor-approved asset management plan for each portfolio that produces measurable results, customized reporting and superior service.
ADC/Residential
Sabal manages $5.5 billion in assets of which approximately 50% are ADC loans, residential and land loans and real estate throughout the United States. Sabal’s experienced asset management team brings leadership from all aspects of the industry: banking, brokerage, acquisitions, entitlement, and vertical and horizontal development. This experience and knowledge is backed by a robust ADC loans management technology platform. Sabal asset managers draw upon all of these tools to formulate and execute optimal business plans that produce superior risk-adjusted returns.
Commercial (CRE)
Sabal manages $5.5 billion in assets of which approximately 50% are commercial property collateralized loans and real estate throughout the United States. Our expertise spans small balance to large balance commercial real estate loans, complex capital structures and non-performing CRE loans on both middle-market and institutional grade real estate. We bring together experience from the development, private equity, acquisition, brokerage, asset management, banking and construction industries, and matrix those skills across office, industrial, retail, multifamily and hospitality properties. The end result of Sabal CRE loans management services delivers collateral-focused business plans with thoughtful, tactical execution.
Local Market Knowledge
Understanding the nuances in local markets is a mainstay of successful real estate investing and management. Sabal partners or establishes strategic alliances with commercial operators/investors/developers as well as home builders and residential developers in our active markets to ensure superior market knowledge and execution. These alliances are typically established at the underwriting stage of the acquisition process and reinforced through the asset management function.
Sabal's broad experience in the capital markets management is a cornerstone in our ability to enhance risk-adjusted return performance with sensible financial strategies. Backed by a dedicated team and a coordinated capital markets management approach to dispositions and financing, Sabal advises clients on the best available solutions to meet their investment objectives.
Dispositions
In evaluating investment exit strategies, Sabal examines the opportunities inherent in single one-off dispositions as well as bulk sales. Strong market relationships drive our ability to identify inefficiencies among various opportunities to select an optimal plan. By identifying and monitoring trends in the marketplace and in our portfolio composition, our capital markets management team designates unique marketable asset clusters for disposition.
Portfolio Financing
Our capital markets team directs all portfolio financing activity, coordinates all due diligence and coordinates and closes the loans. By maintaining market relationships and monitoring market activity, our capital markets management team identifies appropriate lending prospects and manages an efficient process that matches the appropriate lender and portfolio.
Underlying an effective acquisition, servicing, and asset management operation is the critical need for clear, concise, consistent and thorough investor communications. Supported by a scalable and robust technology platform, our full-service finance department generates standardized reports to our investors as required under our operating agreements or as needed. Additionally, our fully integrated systems allow for an efficient audit process that provides full transparency and accessibility to servicing and asset management history and customized reports.
Sabal Financial Group is a leading third-party servicer of acquisition and development loans, commercial real estate loans and construction loans ranging from under $100,000 to more than $100 million. Sabal is experienced in providing commercial mortgage servicing to both multiple investors and regulatory agencies, meeting the full scope of loan servicing requirements throughout the life cycle of the loan.
Sabal deploys best in class commercial mortgage servicing systems that are fully integrated with our proprietary customer relationship management system to deliver consistency, a scalable platform and unsurpassed customer satisfaction. Our loan servicing business is further integrated with our portfolio management business, providing for increased efficiency and reduced operating expenses centered around maximizing loan repayment and returns.
Loan Setup and Servicing Transfers are efficient and seamless to the borrower and can be accomplished within 30 days. Information is electronically gathered and uploaded from any system with Sabal’s translation technology. Data is then manually verified against governing loan documents for accuracy. Appropriate communication is made with borrowers/guarantors immediately upon transfer.
Ongoing targeted servicing activities are performed with appropriate risk controls in place based on the specific needs of each asset to include:
Our Deliverables
Monthly investor reporting, borrower correspondence as scheduled or necessary, annual IRS reporting, general ledger and accounting reconciliations, internal and external audit reporting.
Customer Care Center
Hours: 8:00 am to 5:00 pm PST
Main Line: 877-900-6272
Facsimile: 888-611-9030
Email: customercare@sabalfin.com
Payment and Correspondence Address
Regular or Overnight Mail
Sabal Financial Group, L.P.
465 North Halstead Street, Suite 130
Pasadena, CA 91107
Payoff Information
Email payoff request to Payoffs@Sabalfin.com.
For third party requests, please provide borrower/guarantor authorization.
Sabal provides clients with advisory services for portfolio acquisitions with the same high degree of diligence that we employ in our own investments. Experienced professionals, sophisticated technologies and proven processes enable us to manage complex assignments and deliver consistent quality to our clients in the area of portfolio acquisitions and loan portfolio valuation.
Strong Technology Backbone
Sabal’s underwriting process relies on an integrated and robust technology platform to manage the large amount of data inherent in large loan portfolio transactions. We leverage this comprehensive system to assemble a thorough and detailed evaluation of the loan components and underlying collateral for every assignment.
Scalable
Our acquisition / portfolio underwriting process is suited for both small and large balance transactions in both small and large pools. Whether the portfolio is a few loans or a few thousand, $50 million or more than $3 billion, Sabal’s scalable system meets the needs of any loan portfolio acquisition.
Sophisticated Process Management
Sabal designs a critical path process management plan for each investment opportunity in order to ensure thorough underwriting and analysis within defined time constraints. This process utilizes our centralized, proprietary data warehouse to statistically evaluate current underwriting conclusions against empirical data. We are accustomed to managing large teams and complicated assignments, each time efficiently providing expert loan portfolio acquisition advice regardless of difficulty or size.
Superior End Product
Sabal utilizes advanced business analytics to deliver a comprehensive finished presentation for our investors. Our end product includes a well-organized summary presentation featuring high-level summary overview and analysis, detailed representative asset insights and a thorough financial presentation with sensitivity and alternative evaluations.
Post-closing Integration
A major advantage of our technology and underwriting infrastructure is the centralized record storage of all data acquired or created in the underwriting process. This data is warehouse alongside boarded loan information to maintain continuity, enable data extraction for trend analysis and eliminate any potential for input error.
Sabal provides the full scope of its comprehensive asset management services on a third party basis. Our experience in managing our own account gives us a principal’s perspective when it comes to managing loan portfolios for our clients – a decided advantage in the realm of third party asset management.
Sabal Financial Group and affiliate entities have acquired more than $4 billion in performing and non-performing loans.
*All transaction values are approximations based upon overall transaction size.
Sabal provides a complete solution for banks seeking to clear entire non-performing loan portfolios, including both CRE and ADC loans as well as other real estate-related loans. Sabal’s proprietary underwriting system is scalable to successfully meet a seller’s time requirements, whether the assignment involves underwriting a portfolio of 50 loans or 1,000. Our standardized process coordinates multiple concurrent underwriting activities, including site inspections, market assessment, file review and collateral analysis.
| Pool Size | Minimum $25 million, no maximum |
|---|---|
| Geography | U.S. and Europe |
| Collateral | Predominantly CRE (all property types) and ADC. Incidental other loans are acceptable. |
| Loan Status | Predominantly non-performing |
For additional information, please contact: Jason Hull at (949) 517-0824
Real estate investment and development opportunities require a lender that borrowers can rely upon for creative loan structures and responsive action. With an extensive capital base and an experienced team of lending professionals, Sabal is an excellent source for real estate loans. We have the knowledge base, the right people in place and a commitment to delivering intelligent lending solutions for our clients.
Sabal is a full-service lender offering non-recourse bridge loans starting at $3 million on income-producing property across the West Coast (CA, OR, WA, AZ).
For properties, that may not be well suited for a permanent loan, Sabal’s short-term bridge loans are an excellent financing solution. As a non-recourse lender, Sabal is focused on well located properties with small balance loans, controlled by experienced real estate operators with sound business plans.
Sabal’s CRE Bridge Lending Group is comprised of an experienced team of highly responsive professionals with extensive background in structured finance bridge lending. We deliver flexible, creative loan structures with certainty of execution.
Why Sabal CRE Estate Bridge Lending?
An Excellent Solution for:
For all your short-term real estate capital needs, Sabal CRE Bridge Lending Group is the right choice.
For additional information, please contact: Jim Martin at (949) 255-2689 or Alina Mardesich at (949) 255-2668
Sabal provides non-recourse construction and A&D loans to experienced small to mid-sized home builders pursuing quality for sale development opportunities in California, Oregon, Washington and Arizona. As a non-regulated lender, Sabal has more flexibility than traditional banks in structuring loans as well as developing solutions to specific project related issues.
The Sabal home builder lending team has extensive experience through the cycles and is acutely aware of the lending markets, continuously staying abreast of the home builder industry. Our team is comprised of the following:
Sabal’s experienced staff, flat organizational structure, highly advanced management information systems and laser focus on home building, allows for quick turnaround on lending decisions.
Why Sabal Builder Lending?
For additional information, please contact: Tom Farrell at (949) 517-0856.
California, contact Anthony Ramsier at (949) 517-0857
Arizona, contact Alan Aho at (480) 234-1991
Washington, contact Dean Mix at (206) 459-2367
Investment Partners
Sabal has strong relationships with leading institutional and private investors with whom we partner in our investments. Our integrated approach to acquisitions involves our investment partners at the onset of a potential opportunity.
Financial Institutions
Our Bank Credit Advisory Practice (BCAP) has served more than 100 financial institutions across the U.S. in support of their capital raising efforts.
Investment Banks
Sabal’s multi-faceted platform provides powerful resources that allow investment banks to leverage their efforts in bank M&A and loan portfolio advisory work.
Regulatory Agencies
Sabal has worked closely with regulatory agencies on numerous loan portfolio transactions and Bank Credit Advisory Practice assignments over the past two years.
Sabal Financial Group serves borrowers of CRE and ADC loans with a proactive, hands-on approach geared to meet the specific circumstances of each loan.
Customer Care Center
Hours: 8:00 am to 5:00 pm PST
Main Line: 877-900-6272
Facsimile: 888-611-9030
Email: customercare@sabalfin.com
Payment and Correspondence Address
Regular or Overnight Mail
Sabal Financial Group, L.P.
465 North Halstead Street, Suite 105
Pasadena, CA 91107
Payoff Information
Email payoff request to Payoffs@Sabalfin.com.
For third party requests, please provide borrower/guarantor authorization.
Sabal Financial Group specializes in the acquisition and management of distressed real estate loans and assets, and is an experienced provider of credit advisory services to the banking sector. As a national, diversified financial services firm with deep expertise in real estate and banking, Sabal has successfully completed a wide range of assignments for private equity partners, financial institutions, investment banks and regulatory agencies.
| Client | Private Equity |
|---|---|
| Subject | Publicly traded Bank Holding Company |
| Completed | September 2010 |
| Services | ALLL Phase I Evaluation & Credit Diligence Advisory Services |
| Client | Consortium of PE Firms and proposed Bank Management Team |
|---|---|
| Subject | $1B bank located in the Pacific Northwest |
| Completed | December 2010 |
| Services | ALLL Phase I & Phase II Evaluations; Credit Diligence Advisory Services |
| Client | Private Equity Investor |
|---|---|
| Subject | $1.7B loan portfolio |
| Completed | July 2010 |
| Services | Deal Sourcing; Portfolio Modeling; Loan level Due Diligence & Valuation; Price Modeling; Portfolio Acquisition; Servicing Transfer and Continuing Asset Management |
Sabal Financial Group is a leading edge diversified financial services firm that offers excellent opportunity for career growth in a dynamic work environment. Our success relies in great measure on the high caliber of professional that we attract. In return, we offer a high velocity opportunity for exceptionally high achievers.
The opportunities to excel at Sabal involve a breadth and depth of experience that cannot be found at larger institutions. We offer challenging roles in a fast-paced atmosphere, and frankly we’re not for the faint of heart. We encourage high performing individuals that gain personal fulfillment in their professional growth, passion in their work and pride in their accomplishments.
Sabal Financial Group continually strives to attract the best talent to the firm, whether you are a seasoned professional looking to advance your career or a recent graduate looking for an opportunity to grow. We are always interested in talking with ambitious individuals looking to apply themselves to a worthy challenge.
Sabal Financial Group has an entrepreneurial environment that encourages teamwork and innovation while driving optimal results for our clients. What makes us tick? Please see our thoughts on the guiding principles that drive our corporate philosophy.
We are actively looking to identify and meet prospective employees who share Sabal’s vision and want to contribute to its future success. Contact us today to learn more: openings@sabalfin.com.
Newport Beach Headquarters
Commercial Loan Operations Executive
Commercial Lending Credit Executive *NEW OPENING*
Director of IT/CIO *NEW OPENING*
Investment Surveillance Analyst *NEW OPENING*
Residential Construction Loan and Equity Underwriter *NEW OPENING*
Pasadena
Other
Production Officer – Southeast *NEW OPENING*
Underwriter – Southeast *NEW OPENING*
For general employment inquiries, please send a resume and cover letter to openings@sabalfin.com
Sabal is an equal opportunity employer.
Headquarters
Sabal Financial Group
4675 MacArthur Court, 15th Floor
Newport Beach, CA 92660
1-877-900-6272
info@sabalfin.com
Pasadena Office
465 North Halstead Street, Suite 105
Pasadena, CA 91107
London Office
Sabal Financial Europe Limited
15 Basinghall Street, 5th Floor
London EC2V 5BR
+44 (0)20 7151 4900
Borrower Contact Information
Click here
Media Contact
IDEA HALL
Julie Fornaro
Properties for Sale
