Newport Beach, Calif.-based Sabal Financial Group LP, a diversified financial services firm, has announced the launch of a commercial real estate lending program that will provide bridge loans for value-add real estate opportunities.
According to the company, Sabal's new program will initially provide bridge loans across all income-producing property types across the West Coast before expanding nationally. Sabal will focus on projects where a clear value add opportunity exists, whether though leasing, renovations, repositioning or improved management operations. Loans will be made starting at $5 million.Â
Sabal has named James M. Martin to direct the new program. Martin is a 25-year veteran of commercial real estate finance, investment and asset management. He was formerly president of Martin Real Estate Group, a full-service Orange County, Calif.-based commercial real estate brokerage company.
‘Sabal has assembled an experienced team that knows how to evaluate opportunities in real estate,’ says Pat Jackson, CEO of Sabal Financial Group. ‘We don't lend solely on income in place, rather we focus on the viability of the business plan, the experience of the real estate operator and the end result.’
