NEWPORT BEACH, CA—Newport Beach-based Sabal Financial has introduced a web-based technology tool to help commercial real estate term financing professionals generate live quotes for loans ranging from $1 million to $10 million on stabilized properties nationally.
The company's “Secure Next-Gen Application Process,” or SNAP, automates part of the loan application and closing process, and lets brokers view and manage deals in real-time, through a secure online portal.
The company is introducing the online tool with a short video featuring the firm's director of commercial real estate term lending, Len Israel.
“In a business such as ours, where we tend to scale on a nationwide basis, technology has to be in place and it has to be effective,” says Israel in the video. “For us, implementing technology means we can have more efficiencies and better service levels.”
SNAP empowers brokers, says Israel, because “they have knowledge at their fingertips.”
Speed, accuracy, and certainty of execution are all critical factors in commercial real estate lending, Sabal says. SNAP provides a security-controlled interface that enables brokers and borrowers to start the loan application process with a real-time interest rate quote generator, use loan tracking tools for complete transparency regarding the status of each loan and a dynamic closing checklist generator to help manage the closing process.
More information about the SNAP system is at http://sabalfin.com/businesses/real-estate-capital-solutions/cre-term-lending/.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
