(Mark Your Calendars for RealShare Orange County, August 18 in Newport Beach, and for RealShare Distressed Assets Oct. 4-5 in Dallas).

NEWPORT BEACH, CA-Locally based Sabal Financial Group LP, formerly Milestone Asset Resolution Co. LLC, has acquired a $212 million portfolio of more than 100 loans from a major Midwest retail bank. Along with the portfolio acquisition, Sabal has added commercial real estate veteran Kevin McKenzie as a portfolio manager for the company’s growing commercial real estate portfolio.

The newly acquired $212 million portfolio includes both performing and non-performing loans, and is primarily secured by retail, office and industrial properties, and land. A minority percentage of the loan pool consists of residential real estate loans. The portfolio is heavily concentrated in Wisconsin, Illinois and Florida and “is representative of the increasing number of loan portfolios that banks are looking to offload in an effort to correct their balance sheets,” according to a Sabal Financial announcement regarding the portfolio acquisition.