Sabal Financial Grabs $204M Real Estate Loan Portfolio

Law360, New York (January 10, 2012, 1:59 PM EST) -- Sabal Financial Group LP has acquired a $204 million portfolio of performing and nonperforming real estate loans from one or more recently failed banking institutions to add to over $1 billion of similar purchases it made in 2011, the investment firm said Tuesday.

The portfolio is made up of commercial and residential properties and development and construction loans, Sabal said in a statement. The firm did not name the seller or sellers of the assets.

The deal was part of a sale mandated by the Federal Deposit Insurance Corp. for...
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