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Sabal Financial Announces Purchase of $153M Loan Portfolio

""Sabal Financial Group, L.P."":http://www.sabalfin.com/, the financial services management firm formerly known as Milestone Asset Resolution Company, said this week that it recently acquired a $153 million portfolio from a major Midwest retail bank.

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The portfolio includes more than 100 loans, both performing and nonperforming, and is primarily secured by retail, office, and industrial properties, and land.

The portfolio is comprised of a number of distressed loans located in Illinois, Wisconsin, Arizona, and Florida, and represents the immense number of distressed loans currently plaguing banks and the real estate industry recovery at-large.

""Our business continues to grow at a rapid pace,"" said R. Patterson Jackson, CEO of Sabal Financial Group. ""The need for banks to clear their balance sheets of problematic loans remains strong and this latest portfolio acquisition is representative of our ability to assist.""

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Sabal Financial Group will provide loan servicing and asset management for the portfolio. The company specializes in the acquisition and valuation of portfolios of real estate loans, with a concentration on commercial real estate (CRE) loans and commercial and residential acquisition, development and construction (ADC) loans.

Sabal is currently expanding its operating platform in response to an increase in asset valuation assignments and the growing market for the sale of performing and nonperforming loan portfolios. The firm recently expanded its headquarters office in Newport Beach, California to accommodate its growth.

Jackson attributes the company's use of technology to its ability to handle a large number of distressed portfolios.

""We invested heavily in technology from the start which has given our business operations the scalability needed to take on and successfully manage large portfolios, and continue to meet the continued flow of distressed loans we expect will continue into the foreseeable future,"" he said.

Jackson added that the Sabal team's real estate and banking expertise allows the company to work out and enhance the value of real estate assets more effectively than the banks which are confined by regulations.

Sabal Financial Group continues to increase its bank consulting business. The company also plans to substantially grow its assets under management and develop a nationwide lending operation to provide debt capital for commercial real estate and select commercial ADC projects.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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