NEWPORT BEACH, CA-Locally based diversified financial-services firm Sabal Financial Group L.P. has hired Alina Mardesich as business development manager for the firm's recently launched CRE bridge lending program. In her new role, Mardesich will oversee all CRE bridge lending relationships, business development and loan originations for the company.
Previously, Mardesich was the VP and special loans manager at US Bank, managing a $300-million portfolio of large, complex loans secured by commercial real estate properties throughout the western US. Prior to joining US Bank, she was VP of business development at Buchanan Street Partners, where she identified new operating partners for the company's joint-venture equity funds.
According to Jim Martin, director of CRE bridge lending at Sabal, “Alina brings more than 20 years of experience in the Southern California commercial real estate market, specializing in loan originations, asset management, business development, consulting and valuation. Her proven expertise in lending and industry relationships will be a tremendous asset to our team as we grow our CRE lending business and accelerate deal-flow in 2013.”
As GlobeSt.com previously reported, in an effort to create a niche in an economy where distressed properties abound, in November 2012 Sabal launched its commercial real estate lending program that focuses on providing bridge loans for value-add real estate opportunities. The program is initially intended to provide bridge loans across all income-producing property types across the West Coast and, eventually, nationwide.
Are you noticing a greater need for bridge loans in your area of focus? Tell us about it in the comment box below.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
