Welcome!

News Feed Item

Morningstar Assigns Sabal Financial Group, L.P., a Commercial Mortgage Primary Servicer Rating of 'CS3' and Construction Loan Servicer and Special Servicer Rating to 'CC3'

NEWPORT BEACH, CA -- (Marketwired) -- 01/09/14 -- Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, banking and lending, has been assigned an MOR CS3 ranking as a commercial mortgage primary servicer, and an MOR CC3 ranking as a special servicer and construction loan servicer by Morningstar Credit Ratings, LLC., a first in the United States. Morningstar assigned the ratings following an assessment of Sabal, which highlighted the firm's operational infrastructure and portfolio administration capabilities as reasons for the designations.

Morningstar's ratings reflect Sabal Financial Group's fiduciary expertise, success in managing client investments, and deep specializations in the areas of servicing and lending. "Morningstar's most recent ratings represent another milestone in the success of Sabal and the oversight of the firm's significant portfolio of assets under management," said Sabal Financial Group Founder and Chief Executive Officer Pat Jackson.

Morningstar cited a number of positive company factors in its recent Sabal rankings. These include the firm's expertise in the administration of non-performing assets as demonstrated by sound practices and policies governing loan administration, payment processing, portfolio management and the full ability to administer third-party loan portfolios. In addition, Morningstar noted the firm's comprehensive training programs which are overseen by dedicated Credit Managers and Training Coordinators.

Other contributors included Sabal's expanding operations via the acquisition of significant non-performing loan portfolios on behalf of clients and growth in assets under management both in volume and geographic coverage into most U.S. states, as well as involvement in the Commercial Mortgage Backed Securities (CMBS) business. Also cited were Sabal's well-controlled practices and effective technologies for primary servicing and construction loan administration; an experienced management team for servicing; highly experienced personnel and resources for construction loan administration, and diligent pre-funding and closing procedures indicating proactive construction draw and risk-monitoring practices.

"Sabal is proud of Morningstar's assessments, as they showcase our team's reputation and experience, the firm's continued growth and technology-rich platform, and our fiduciary commitment to valued clients," added Jackson.

Founded in 2009, Sabal Financial Group currently services a total portfolio of $6 billion in assets. The firm is also active in the areas of commercial real estate finance, home builder finance, bank credit advisory, and CMBS transaction support services.

Morningstar Credit Ratings is a Nationally Recognized Statistical Rating Organization (NRSRO) specializing in structured credit research and ratings, and offers a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions. Morningstar's operational risk assessment methodology and published reports may be accessed at https://ratingagency.morningstar.com.

Sabal Financial Group also holds a Special Servicer designation from Morningstar with a CS3 rating and from Fitch with a CSS3 rating.

About Sabal Financial Group:

Sabal Financial Group, L.P. is an international diversified financial services firm specializing in real estate, banking and lending. The firm's flagship Investments business has established a strong foothold in the distressed debt arena, bringing nearly $6 billion in real estate and land assets under management since the firm's inception in 2009. Sabal operates a number of complementary businesses including: Sabal CRE Bridge Lending and JV Equity, providing financing to commercial real estate operators; Sabal Home Builder Finance, offering acquisition, development and construction loans to established residential builders; Sabal Commercial Advisors, a national transaction support services provider to CMBS investors and originators; the Sabal Bank Credit Advisory Practice, an advisor and M&A specialist serving commercial and investment banks with unbiased third-party credit portfolio risk and capital performance assessments; and Sabal Third Party Servicing, a primary servicer, special servicer and construction loan administrator operating nationwide.

A privately held company, Sabal Financial Group is headquartered in Newport Beach, Calif., Visit the company online at www.sabalfin.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.