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Sabal Financial Buys $212 Million Loan Portfolio

NEWPORT BEACH, CA-The locally based company acquires the portfolio of more than 100 loans, both performing and non-performing, from a major Midwest retail bank.

By Bob Howard | Updated on August 16, 2011

(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.

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