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Banks Will Re-enter the Credit Market

NEWPORT BEACH, CA-In an UPDATE to last week's story, Pat Jackson of Sabal Financial Group tells GlobeSt.com that the capital and credit markets will show restoration over the next two years.

By Carrie Rossenfeld | Updated on March 13, 2013

NEWPORT BEACH, CA-Banks will begin to come out of the bunkers and issue credit as the commercial real estate industry continues its recovery, Pat Jackson, CEO of locally based diversified financial-services firm Sabal Financial Group L.P., tells GlobeSt.com. As GlobeSt.com reported last week, Sabal experienced a banner fourth quarter of real estate loan portfolio acquisitions on behalf of its clients with a combined UPB over $1 billion and successfully closed 2012 with nearly $5.5 billion in assets under management.

Jackson says over the next two years, we should start seeing restoration to the capital and credit markets, and Sabal is looking to have a foot in both camps. “We think that the emergence of the distressed market is continuing, but maybe we would argue that we see the beginning of the end. It could be two more years. We see the result of banks shedding assets and getting healthy gain. As they start participating in the market and providing credit, we will start seeing banks coming back into the industry. We’re going to have to have our place with the banks coming back.”

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