Structured real estate sale inked

Structured real estate sale inked

Thursday 20 August 2015 16:34 London/ 11.34 New York/ 00.34 (+ 1 day) Tokyo

Sabal Financial Group has retained Holliday Fenoglio Fowler (HFF) to market and sell a US$541m portfolio of real estate and performing, sub-performing and non-performing loans in a structured sale. The offering consists of 11 different geographically diverse sub-pools, which is designed to provide investors with flexibility to pursue specific pools to meet their investment objectives.

The portfolio consists of three major asset pool groups: a US$91.5m performing and sub-performing loan pool; four NPL pools totaling US$156.9m of outstanding principal balance organised geographically; and six real estate pools organised geographically comprised of real estate assets with a combined pre-foreclosure outstanding principal balance value of US$297.2m. The offering is Sabal's fifth structured sale transaction using an investment advisor.

"This pooled portfolio provides an excellent opportunity for investors looking for predictable cash yield from high quality investment property and loans, in addition to achievable value-add strategies," comments Brock Cannon, md of HFF.


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