The privately held Sabal Financial Group expanded its commercial mortgage-backed securities business with the launch of a transaction support services division called Sabal Commercial Advisors, according to the company.
The new unit is led by a team that includes business development manager Ned Smith, who previously worked for Midland Loan Services; and Sarah Suther, due diligence and operations manager, who also previously worked for Midland, as well as Hudson Realty Capital.
The new unit will provide “a single source” for transaction support services in two core categories: loan origination underwriting and loan re-underwriting.
Services in the former category will include due diligence and underwriting of both CMBS and non-CMBS commercial real estate loans for CMBS conduits, lenders and mezzanine lenders.
In the latter category, Sabal will serve CMBS bond investors, B-piece buyers, hedge funds, pension funds and sovereign wealth funds with due diligence and re-underwriting for investor client purchases ranging from commercial real estate loan portfolios to a tranche in a loan pool.
The company can provide: cash flow analysis, third-party report reviews, lease analysis, lease abstracting, and rent roll verification.
It also can provide property inspections, market analysis, and an analysis of transaction strengths, weaknesses, opportunities and threats.
In addition, the company can handle preparation of securitization asset status reports; borrower, sponsor, and guarantor due diligence, major tenant credit analysis, bond pricing and roll-up analysis of multiproperty loans, among other services.