Sabal’s Servicing Portfolio Now Exceeds $4.3 Billion in Approximately 1,500 Commercial Real Estate Loan Assets
Irvine, Calif. – January 5, 2021 – Sabal Capital Partners, LLC, a diversified financial services firm specializing in commercial real estate, lending and investing, today announced its servicing entity, SCP Servicing, LLC, has been assigned ratings by both S&P Global Ratings and Fitch Ratings. The company, whose servicing portfolio now encompasses 1,500 commercial real estate loans valued at $4.3 billion, is also Morningstar rated.
“These ratings reflect the institutional strength of our lending and servicing platforms,” says Pat Jackson, founder and CEO of Sabal Capital Partners. “As both a commercial real estate lender as well as an investor in distressed and non-performing debt assets, Sabal’s ratings are notable for building added trust among our investors, customers and sellers.”
S&P Global Ratings assigned SCP Servicing a Commercial Mortgage Loan Special Servicer rating with an average ranking and an above average sub-ranking for management and organization. S&P Ratings indicates that the ranking reflects Sabal’s experienced senior management and well-designed organizational structure that supports the special servicing platform; comprehensive training regime that is largely delivered on-the-job; good leverage of third-party asset management and special servicing system; internal control environment built on a solid framework for its current volume; small dedicated asset management team; and special servicing resolution track record.
Fitch Ratings assigned Sabal a new rating for CMBS Primary Servicer with a CPS2- ranking, as well as a new rating for CMBS Special Servicer with a CSS3+ ranking. Fitch notes the primary servicer rating reflects Sabal’s strong primary servicing experience, including a concentration in loans secured by multifamily properties; experienced yet small management team with key-person risk; well-integrated servicing systems yielding strong reporting abilities for quality control and streamlined loan boarding; sufficient controls with limited internal reviews; and robust asset administration capabilities.
According to Fitch, Sabal’s CMBS Special Servicer rating reflects the company’s workout history, including resolving FDIC commercial real estate portfolios and securitized non-performing loan transactions; sufficient technology to handle a large volume of defaulted loans; the small size of the special servicing group, including two asset managers; and sufficient internal controls primarily relying upon technology and credit committee reviews.
Sabal is also a Morningstar rated Primary and Special Servicer with a MOR CS2 ranking. Additionally, Sabal is SOC 1 Type 2 and REG AB Compliant by Grant Thornton.
“Being rated by all three of these agencies renders significant third-party credibility to Sabal’s business, teams, infrastructure and controls, as well as our ability to scale up in assets,” adds Jackson.
For information on Sabal and its robust suite of multifamily and commercial real estate loan offerings, visit www.sabal.com.
About Sabal Capital Partners, LLC
Headquartered in Irvine, California, Sabal Capital Partners, LLC and its commercial real estate lending and servicing subsidiaries and affiliates have originated over $4 billion nationally through their highly specialized wholesale lending platform. Sabal strives to keep clients and investors ahead of the curve, representing a corporate philosophy based upon the core practices of innovation, partnership, commitment to excellence and entrepreneurship. Sabal’s dedication to advancing the financial services industry has led to the development of SNAP™, an innovative platform designed to optimize the lending and investment processes and enable a highly efficient interaction between Sabal and its client and investor base. Sabal is a nationally rated Commercial Primary Servicer and Commercial Special Servicer by Morningstar with a CS2 ranking, an S&P Global rated Commercial Mortgage Loan Special Servicer with an average ranking, as well as a Fitch rated CMBS Primary Servicer with a CPS2- ranking and CMBS Special Servicer with a CSS3+ ranking. For more information about Sabal, visit www.sabal.com.
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