Sabal Capital states that eligible properties under the new program include a number of core assets including multifamily properties with five or more rental units, student housing, mixed-use, mobile home communities, multi-tenant office (medical office applies), multi-tenant retail (excluding regional malls), credit single tenant standalone retail, self-storage, flagged limited service hotels and multi-tenant light-industrial/warehouse/flex/R&D (no manufacturing included).

Sabal Capital boasts that some attributes of the program include speed-to-close, 10-year loan terms, up to 80% loan-to-value and financing availability across the country.

“This program is another product in a series of new debt offerings that Sabal is scheduled to introduce in the near term as we strategically address key market demand, grow our transaction pipeline and provide a single source for small balance debt execution,” Jackson adds.

Last August, a fund managed by Stone Point Capital, acquired a majority stake in Sabal Capital, a deal that helps fund the company's growth plans.

Sabal Capital made news in late January when the firm closed the largest portfolio by loan balance in the history of Freddie Mac's Small Balance Loan (SBL) Program. The $189 million portfolio encompasses 39 small balance debt transactions for properties located in East Harlem, NY.