(Visit the Distressed Assets page on GlobeSt.com.)
In January, Sabal Financing Group LP, a Newport Beach, CA-based financing services management firm that specializes in the acquisition and valuation of portfolios of real estate loans, acquired a $204-million portfolio of performing and non-performing loans. The firm would provide loan servicing and asset management for the portfolio.
Consisting of mainly commercial and resident acquisition, development and construction loans, the acquired portfolio was secured by properties across the US, and “represents the distress in the market that is ailing banks across the country and abroad,” according to the firm.
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