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Answers to your

Frequently Asked Questions

FAQs

What kind of loans do you offer?

Sabal offers a comprehensive small balance suite for multifamily and commercial properties across the nation under $20 million. Our product offering includes both agency and non-agency lending solutions from Fannie Mae, Freddie Mac, and other government entity-driven programs. We also offer Bridge and CMBS loan execution.

What is affordable housing and what kind of loan do you offer for those types of properties?

According to the federal government, housing is affordable if it costs no more than 30% of the monthly household income for rent and utilities. Through our partnership with Freddie Mac Multifamily—one of the country’s leading affordable housing lenders—we offer our clients a loan program that allows them to refinance or acquire properties that are subsidized to allow for a percentage of low-income renters. Targeted Affordable Housing Express, a program unique to Sabal, gives borrowers the ability to purchase or refinance properties that have qualifying affordability component, like: LIHTC (in at least year 11 of their compliance period), long-term HAP contracts, regulatory agreements that impose rent/income restrictions, tax abatements, Section 8 Vouchers.

What are the loan limits for multifamily properties?

Sabal has loan programs that range in lending limits from $1 million and up to $20 million. We can lend in every state in the U.S. and have the ability to make exceptions above and below those standard limits. To find a loan program that fits your needs, reach out to us today.

Can Sabal lend in Nevada?

Sabal Capital Partners, LLC, has the ability to lend in every state in the U.S. We are a national lender with multiple licenses and certifications. We also have lending specialists all around the country to better serve your business needs. Click here to connect with a Sabal Production Manager in your area.

Do you offer non-recourse financing options?

Yes. We believe in giving our clients the best terms possible, therefore, all of our loan programs are non-recourse (CMBS). Due to their higher risk, B-piece CMBS loans offer investors significantly higher returns when compared to A-rated CMBS loans. Also, with a non-recourse loan, the lender (Sabal) is responsible for taking a loss if after selling the asset collateralized with the loan still has a balance due.

What’s the difference between a Freddie Mac and Fannie Mae loan?

The main difference between Fannie Mae and Freddie Mac is that Fannie Mae are lower leverage loans in smaller but stable markets, with longer terms that can have a faster closing timeline. Freddie Mac loans are in larger markets, with shorter terms. There’s a benefit to the borrower for each program, depending on the market.

What are the standard documents needed to review a loan?

With our streamlined approach and standardized documents, Sabal is able to process loans in under 45 days. Along with a basic description of the property, ownership, and debt statement (if refinancing), some of the documents needed to get a loan under review are: rent roll and a recent property income and expense statement. Your Sabal Multifamily Lending Specialist can help guide you in gathering those documents. Please email lending@sabal.com to be connected with an expert in your area.

What are the total out-of-pocket expenses on a loan?

The cost to process your loan can vary depending on various characteristics of the loan and the loan type. Sabal is very competitive with regard to total out-of-pocket expenses. To get a realistic cost range for your unique loan, please reach out.

I need to refinance a multifamily property that has a Section 8 Voucher, can you do that kind of loan?

Absolutely. Through our Targeted Affordable Housing Express loan program, we have the ability to help you acquire or refinance a multifamily property with a Section 8 Voucher. For a more accurate quote and guidance in refinancing a property with an affordability component, please reach out.

I have a loan through Sabal, how do I make a payment?

Our online borrower portal makes your loan management process easy and painless. To manage your Sabal loan, please register for a ViewPoint account here: https:// viewpoint.sabalfin.com. For questions or concerns with ViewPoint or your Sabal loan, email our dedicated team here: customercare@sabal.com or call (877) 900-6272.