Search
 

The SBL Space Presents Abundant Opportunity

The small-business-loan sector continues to be an exciting and underserved market today, for many of the same reasons that banks have not met their historical loan amounts, Sabal's Pat Jackson tells GlobeSt.com.

By Carrie Rossenfeld | Updated on December 21, 2017

Pat Jackson Jackson: “SBL is a niche that if you do it well and set your processes and technology up to be a good player, you can do well; if not, it’s a hard business.”

NEWPORT BEACH, CA—The small-business-loan sector continues to be an exciting and underserved market today, for many of the same reasons that banks have not met their historical loan amounts, Sabal Capital Partners‘ CEO Pat Jackson tells GlobeSt.com. Sabal closed $1 billion in multifamily small-balance loans this year through Freddie Mac‘s SBL program and recently closed three portfolio transactions: a $65.5-million portfolio of 20 refinance loans for apartment properties in California, a $51.5-million portfolio of 10-year fixed-rate loans for apartment properties in Missouri, an $8.3-million portfolio of five-year hybrid loans on eight properties in Illinois and a $129-million portfolio of 34 refinance loans for multifamily workforce properties in the Bronx—the largest single transaction closed through Freddie’s SBL program.

We spoke with Jackson about the Freddie Mac SBL program, how he would characterize the health of small-balance loans and his expectations for 2018 in the financing realm.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.