SABAL LAUNCHES THIRD PARTY SERVICING BUSINESS

NEWPORT BEACH, CALIF. — Sabal Financial Group has launched Sabal Third Party Servicing, a new business division offering commercial real estate and acquisition, development and construction (ADC) loan primary servicing and special servicing. It will also offer construction loan administration. The new division will generally target large loan portfolios with a core focus on risk management while maximizing repayment and returns for lender, bank, fund and insurance company clientele nationwide. Vartan Derbedrossian, head of loan servicing, will lead Sabal Third Party Servicing out of the company’s Pasadena office.