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Sabal Financial Furthers Expansion With $96M Buy

NEWPORT BEACH, CA-Bank of the West sheds the portfolio of commercial real estate and land in California, Colorado, Arizona, Oklahoma, and Iowa.

By Natalie Dolce | Updated on August 22, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

NEWPORT BEACH, CA- Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that in yet another portfolio buy this August, locally based Sabal Financial Group LP has purchased a $96-million loan portfolio from the Bank of the West. The portfolio is a combination of non-performing and performing loans and is secured by commercial real estate and land in California, Colorado, Arizona, Oklahoma, and Iowa.

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