Welcome!

News Feed Item

Sabal Financial Completes Three Loans for the Acquisition, Development and Construction of Three New Home Communities in Oregon and California

NEWPORT BEACH, CA -- (Marketwired) -- 04/24/14 -- Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, lending and banking, announced today it has financed the construction of three additional new home communities. The first transaction, a $4.5 million construction loan for Sunrise Heights in Happy Valley, Ore., represents Sabal Financial's first home builder finance loan completed in the state of Oregon. The second transaction announced represents a $5.2 million loan for the Bridges at Jonas new home community in Sacramento, Calif. In the third transaction, Sabal Financial provided a $4.2 million loan for the acquisition and development of a new home community located in Costa Mesa, Calif. The transactions are the latest in a series of Acquisition, Development and Construction (AD&C) loans closed by Sabal Financial's Home Builder Finance division.

"Our home builder finance business has experienced robust growth coast-to-coast," said Pat Jackson, Founder and CEO of Sabal Financial. "Our recent string of deals underscores our activity across multiple markets and ability to provide reputable builders with speed to finance solutions for new home communities."

In the first transaction, Sabal provided $4.5 million in non-recourse debt financing to TA Liesy Homes NW for the construction of Sunrise Heights. A new home community to be built 13 miles southeast of Portland in Happy Valley, Ore., the detached single-family project will include 15 homes ranging from 1,851 to 3,309 square feet. The two story homes will include three- to five-bedrooms with two- and three-car garages and backyards with an average purchase price of $413,000.

"While traditional lenders were unable to provide solutions for our financing needs, Sabal Financial was both responsive and competitive in structure," said Todd Gray, CFO of TA Liesy Homes NW. "The Sabal Financial team understands the industry, with a demonstrated ability to structure, underwrite and deliver financing that meets the need of the builder."

In the second transaction, Sabal Financial provided a $4.2 million non-recourse loan to Pinnacle Residential for the construction of a new home community featuring eight single-family homes. The 1,871-square-foot, two-story residences include three bedrooms and are located in Costa Mesa, Calif. The new homes will meet market demand in the central Orange County region which boasts superb retail, service and performing arts amenities, close proximity to nearby, world-class beaches as well as to the major I-405, SR-55 and SR-73 freeway arterials.

"Sabal Financial has a team of very experienced real estate professionals who are able to tailor their flexible, non-recourse loan options to make sense in a variety of situations," said Robert Scanlan, Principal of Pinnacle Residential.

In the third transaction, Sabal Financial provided $5.2 million in debt financing to Evergreen Communities for the acquisition and development of Bridges at Jonas, a gated new home community comprised of 11 single-family residences located in the upscale Arden-Arcade submarket of Sacramento, Calif. Ranging in size from 2,425 to 3,160 square feet, the homes are both single and two-story abodes ranging from three to six bedrooms. Prices will range from $550,000 to $678,000.

"Sabal Financial consistently demonstrates a real understanding of the issues that developers and builders face when bringing a project to market and are able to structure favorable, non-recourse financing accordingly," said Mike Stettner, President of Evergreen Communities.

For more information, please visit: 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
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, 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. Me...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...