NEWPORT BEACH, Calif., Dec. 05, 2017 (GLOBE NEWSWIRE) -- Sabal Capital Partners, LLC, a diversified financial services firm specializing in real estate, lending and banking, today announced the firm has closed $1 billion to date in Freddie Mac Small Balance Loans in 2017. The milestone was achieved through fast-paced, high-volume deal flow throughout the year, enabled by the firm’s proprietary SNAP™ lending platform, which has disrupted the small balance loan sector with unparalleled efficiency and velocity. Sabal’s $1 billion achievement represents the closing of approximately 400 Freddie Mac small balance loans year-to-date.
“This is an incredible milestone for us as we continue to grow the volume of loan transactions made in partnership with Freddie Mac’s Small Balance Loan Program,” said Pat Jackson, chairman and CEO of Sabal Capital Partners, LLC. “This feat has been made possible with the speed and performance we have purposefully engineered into our technology and platform.”
Freddie Mac’s Small Balance Loan Program offers financing for qualifying multifamily properties with loans ranging in value from $1 million to $7.5 million. One of Freddie Mac’s first and most prolific lender partners in the program, Sabal Capital Partners is recognized for accelerating the loan process through its SNAP™ servicing portal.
“Sabal has played a seminal role in the success of Freddie Mac’s Small Balance Loan program, and has established itself as a market leader through a streamlined process and commitment to its customers,” said David Brickman, executive vice president and head of Freddie Mac Multifamily. “We congratulate Sabal on this milestone, which underscores our strong partnership and dedication to meeting the needs of borrowers across the country.”
Introduced in 2014, Sabal Capital Partners’ SNAP™ enables highly effective automation for key aspects of the loan servicing process. All of Sabal’s 2017 loan transaction pipeline has been processed through SNAP™.
“The advantages of SNAP™ in our operations have been remarkable and we will continue to leverage those in 2018 as part of our lasting partnership with Freddie Mac in its important Small Balance Loan Program,” added Jackson.
Sabal Capital Partners also announced the recent completions of multifamily loan portfolio transactions. These include a $65.5 million portfolio encompassing 20 total refinance loans for multifamily properties comprising 430 units in California and a $51.5 million portfolio of ten-year fixed rate loans for a total of 729 apartment units set within 14 properties in Missouri. Additionally, Sabal closed an $8.3 million portfolio encompassing five-year hybrid loans on eight separate apartment properties in Illinois.
The fourth closed is a record-breaking $129 million portfolio of 34 refinance loans encompassing 863 apartment units in Bronx, New York. The portfolio is the largest single Small Balance Loan (SBL) transaction processed through the Freddie Mac SBL program since its inception in 2014.
About SNAP™
SNAP™ Servicing portal provides companies with a web-based, security-controlled interface where parties can review and track loan servicing, request disbursements, flag and monitor inspections, and create an electronic history for a loan. Designed with the unique needs of the servicing business in mind, SNAP™ increases the speed with which disbursement requests are fulfilled, and minimizes traditional paperwork by capturing all pertinent information online.
About Sabal Capital Partners
Headquartered in Newport Beach, Calif., Sabal Capital Partners, LLC and its lending subsidiaries and affiliates are focused in the small balance space and have originated nearly $3 billion nationally through its highly specialized wholesale lending platform. Sabal’s dedication to advancing the financial services industry has led to the development of SNAP™, an innovative platform designed for Sabal’s exclusive network of brokers and bank partners to enable increased revenue, exceptional borrower satisfaction and reduced effort navigating small balance loans, from origination to close. Sabal strives to keep clients and investors ahead of the curve and represents a corporate philosophy based upon the core practices of innovation, superior service, partnerships, ethical behavior and teamwork. For more information, visit www.sabalcap.com.
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