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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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
