Sabal Financial Group in Newport Beach, Calif., has put a $541 million portfolio of real estate loans up for sale.
The portfolio contains performing, subperforming, and nonperforming loans, Sabal said. It consists of 11 different geographically diverse pools of loans.
The pool groups are a $91.5 million pool of performing and subperforming loans, a group of four pools of nonperforming loans totaling $156.9 million arranged by location, and six geographically arranged pools comprised of assets with total preforeclosure outstanding principal balance value of $297.2 million.
Holliday Fenoglio Fowler is running the sale for Sabal.
