Search
 

Sabal Financial Acquires $153M Loan Portfolio

NEWPORT BEACH, CA-The locally based company acquires more than 100 performing and non-performing loans, primarily secured by retail, office and industrial properties and land.

By Bob Howard | Updated on October 12, 2011

NEWPORT BEACH, CA-Locally based Sabal Financial Group has acquired a $153 million portfolio of more than 100 performing and non-performing loans, primarily secured by retail, office and industrial properties and land. Sabal bought the portfolio from a Midwest bank, bringing the Newport Beach-based portfolio of assets under management to approximately $3 billion. R. Patterson “Pat” Jackson, CEO of Sabal, says that the deal reflects “the need for banks to clear their balance sheets of problematic loans.”

Sabal will provide loan servicing and asset management for the portfolio, which includes a number of distressed loans in Illinois, Wisconsin, Arizona and Florida. The company, formerly known as Milestone Asset Resolution Co. LLC, specializes in the acquisition and valuation of portfolios of real estate loans, with a concentration on commercial real estate loans and commercial and residential acquisition, development and construction loans.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.