Sabal Buys $212 Mil. Bank Loan Portfolio

Sabal Financial Group LP, in Newport Beach, CA, acquired a $ 212 million portfolio from a major Midwest retail bank. The portfolio includes more than 100 loans, both performing and non-performing, and is primarily secured by retail, office and industrial properties and land. A minority percentage of the loan pool consists of residential real estate loans.

The portfolio is heavily concentrated in Wisconsin, Illinois and Florida and is representative…
South Florida Commercial Real Estate News From CoStar Group