Skip to main content

Freddie Mac Approves Sabal Financial as a Seller/Servicer for the Small Balance Loan Offering
Jan 07, 2015

Sabal Financial Group LP, a diversified financial services firm specializing in real estate, lending and banking, has announced its approval as a Seller/Servicer in Freddie Mac’s new Small Balance Loan offering, which offers debt solutions for multifamily acquisitions and refinancing. Just one of six eligible Seller/Servicers approved by Freddie Mac for the new program, Sabal Financial will offer non-recourse mortgages ranging from $1million to $5 million to eligible borrowers nationwide. The firm is the only participant in the program employing the proprietary SNAP Web-based technology.

“As a national commercial real estate lender and a company whose core business interests focus on the small balance loan arena, Freddie Mac’s new Small Balance Loan offering is a natural fit for Sabal Financial,” said founder and CEO Pat Jackson. “Our expertise aligns well with Freddie Mac’s goals for this new multifamily debt program.”

The Freddie Mac Multifamily Small Balance Loan Program is designed to enable liquidity, stability and certainty of execution in the country’s affordable rental housing marketplace. Applicable properties include conventional multifamily housing of five units or more with 90 percent or more occupancy, including properties with tax abatements and Section 8 vouchers. Notable components of the program include full-term interest-only options, low interest rates, non-recourse, 80 percent loan-to-value and flexible pre-payment options. Competitive pricing and streamlined loan processes are also cornerstones of the new program.

“Sabal Financial is a great Seller/Servicer addition for us,” said David Brickman, executive vice president of Freddie Mac Multifamily. “The firm was selected for its demonstrated expertise in commercial real estate, particularly in the small balance finance market, as well as for its operational efficiency.”

Sabal Financial will utilize its proprietary SNAP technology to ensure efficient processes during pricing, underwriting, closing and funding of loans through Freddie Mac’s Small Balance Loan Program. A robust web-based platform, SNAP generates live quotes and automates portions of the application and closing process, ensuring speed to finance.

“Sabal Financial has placed technology at the center of its business processes from the start as a means to enable efficiency, speed and scalability in operations,” added Jackson. “We created SNAP specifically for our lending businesses and it has allowed us to dramatically reduce our funding cycle while also providing our broker clients with a number of additional benefits.”

Jan 07, 2015
Mortgage Forbearance Changes Create Challenges for Servicers

65% Of All Plans Would Expire By The End of 2021

Regulation and Compliance
Aug 02, 2021
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021