TORRANCE, CA-Sabal Financial Group LP, a Newport Beach-based distressed-debt specialist, has made its first construction loan through the recently started builder-constructor lending program. The firm provided the $4-million loan to a group of borrowers, including Core Real Estate Services, Bali Construction and Keusder Homes Inc.
The loan was arranged for the development of 12 single-family homes near the Torrance Civic Center and Del Amo Fashion Center in Torrance. The project is scheduled to be completed next year. For the full story, go to Orange County Business Journal .
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