Sabal Capital Partners is offering a new commercial real estate loan program that aims to meet the growing demand for a single-source lender overseeing the total life of a loan.
The company announced the program on Monday as a means for commercial real estate investors to manage loans from term sheet to maturity with only one lender, including servicing the loan and holding the B-piece.
Sabal expects to complete $1 billion in transactions under the new program in 2019, said Sabal CEO Pat Jackson.
“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,” said Pat Jackson, CEO of Sabal. “This new offering provides an attractive solution for the finance of numerous commercial property types and is notably available across the United States.”
Eligible properties include multifamily properties with five or more rental units, student housing, mixed-use, mobile home communities, multi-tenant office, multi-tenant retail, credit single tenant standalone retail, self-storage, flagged limited service hotels and others. The program includes speed-to-close and ten-year loan terms, up to 80 percent loan-to-value as well as a variety of financing options around the U.S.
Available to qualified borrowers, Sabal’s CRE loans are non-recourse and offered in the $2 million to $20 million range for acquisition or refinance purposes, the company said.
“In overseeing all aspects of the loan life cycle, we are signaling to our borrowers that we have a vested interest in the success of their loan,” Jackson said. “This lending model is very attractive to brokers and borrowers.”
Headquartered in Irvine, California, Sabal Capital is a market leader in small balance commercial real estate loans and has invested nearly $9 billion nationally through its wholesale lending platform. To learn more about the program, visit Sabal’s website here.
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