Small Loan Program is Newest Addition to Sabal’s Robust, Leading Small Loan Offerings
IRVINE, Calif., May 13, 2019 (GLOBE NEWSWIRE) -- Sabal Capital Partners, LLC, a diversified financial services firm specializing in commercial real estate, lending and investing, announced today it has been approved as a Fannie Mae Small Loan Lender. The designation allows Sabal to immediately begin offering debt solutions for multifamily properties nationwide. As a lender partner to Fannie Mae, Sabal will offer acquisition and refinance small loans up to $6 million to eligible borrowers across the country for qualifying multifamily properties.
“Sabal remains committed to being the number one national provider of small balance debt solutions, making Fannie Mae’s Small Loan program an ideal fit and offering for us,” said Pat Jackson, CEO of Sabal. “This addition of Fannie Mae’s program allows us to expand on our already robust small balance lending platform, as well as our ability to provide borrowers with maximum choice and the best range of both agency and non-agency debt solutions.”
Fannie Mae’s Small Loan program provides sustainable debt solutions that enhance the affordability, security and convenience of financing smaller properties; and plays an important role in securing a key source of housing for working families.
“Our Small Loan program plays an integral role in the financing of affordable rental properties across the country and we are pleased to bring a lender partner onboard with experience in the multifamily small loan market,” said Mike Winters, vice president, Fannie Mae. “We look forward to a successful partnership with Sabal.”
As part of the program, Sabal will provide small loans for conventional apartment properties nationwide. Five- to 30-year fixed-rate loan terms with interest only options are available. Cornerstones of the program include customized loan structures, quicker loan closings, competitive interest rates and life-of-loan servicing. Fannie Mae’s single-asset MBS model ensures simplified asset management, with no additional master servicer or B-piece buyer involved.
“This program is an important solution to the affordable housing dilemma that plagues so many urban areas across the country,” adds Jackson. “In providing reliable financing for assets that serve our country’s workforce, we are helping to ensure that this incredibly important part of our housing stock remains accessible in major employment zones.”
The Fannie Mae Small Loan program is easily accessible to brokers through SNAP™, Sabal’s efficient online system that enables quick and convenient loan processing, from application through servicing. Visit www.sabalcap.com for program details and eligibility.
About Sabal Capital Partners, LLC
Headquartered in Irvine, California, Sabal is an expert market leader in small balance commercial real estate loans and investments having invested nearly $9 billion nationally through its investment and highly specialized wholesale lending platform. Sabal strives to keep clients and investors ahead of the curve, representing a corporate philosophy based upon the core practices of innovation, partnership, commitment to excellence and entrepreneurship. Sabal’s dedication to advancing the financial services industry has led to the development of SNAP™, an innovative platform designed to optimize the lending and investment processes and enable a highly efficient interaction between Sabal and its client and investor base. Sabal is a nationally rated Commercial Primary Servicer and Commercial Special Servicer by Morningstar with a CS2 ranking. For more information about Sabal, visit www.sabalcap.com.