NEWPORT BEACH, CA—In this exclusive interview, Sabal Financial Group LP's Pat Jackson tells GlobeSt.com that for un-stabilized, value-add and transitional assets, lending decisions always come down to the real estate, the sponsor and if the sponsor can deliver on the business plan. To hear more on the founder and CEO's thoughts about the CMBS marketplace, the current state of capital markets and how is has affected competition and finance terms, see the interview below.
GlobeSt.com: As a national firm active in multiple avenues of commercial real estate, distressed assets and finance, what are your thoughts on today's capital markets in terms of opportunities and challenges?
Pat Jackson: Sabal has always been an investor and lender in underserved market niches. We continue to see real opportunities across the country serving those niche markets. The real challenge we are facing is the industry heating up ,which has led to less disciplined investors becoming more active. Real estate fundamentals ultimately need to be the driver of real estate investment decisions as they are critical to a robust recovery. If they go out the window, we start introducing unnecessary risk into the recovery.
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