Home Real Estate Regions to acquire California-based commercial real estate lender

Regions to acquire California-based commercial real estate lender

1

Regions Bank today announced it will acquire a California-based small-balance commercial real estate lender.

Regions is expected to close on its acquisition of Sabal Capital Partners in the fourth quarter of this year. Terms of the deal were not disclosed.

Based in Irvine, Calif., Sabal is one of the top originators of Fannie Mae and Freddie Mac small-balance commercial real estate loans and has a growing presence in non-agency commercial mortgage-backed securities loan origination. The acquisition does not include Sabal’s investment management business and investment funds managed by Stone Point Capital LLC.

Regions plans to incorporate Sabal into its real estate capital markets division. Sabal has originated nearly $6 billion in financing across the U.S. since its inception and maintains a current servicing portfolio of nearly $5 billion.

Joel Stephens, head of capital markets for Regions Bank, said the acquisition will allow Regions “to offer…

Click here for full article…www.al.com