Sabal Launches SCH Trading, LLC, a CMBS Trading Agency | Business
IRVINE, Calif .– (BUSINESS WIRE) – November 8, 2021–
Sabal Capital Holdings Company, LLC, a financial services firm specializing in commercial real estate investing, today announced the launch of SCH Trading, LLC, a new CMBS trading firm specializing in agency lending securities. Based in New York, SCH Trading currently specializes in aggregation and securitization of Ginnie Mae and Fannie Mae multi-family loans originating from HUD. Sabal also announced the strategic hiring of industry veteran George Geotes, who runs the company as Head of Trading.
“The SCH Trading platform is a natural extension of Sabal’s existing investment management business, SCPIM,” said Pat Jackson, founder and CEO of Sabal. “As a nimble private company with deep expertise in commercial real estate and debt investing, Sabal is uniquely positioned to fill a niche void in the trading market for these securities. “
SCH Trading focuses on the buying and selling of commercial mortgage-backed securities, with a specialization in multi-family loans issued by agencies. The company aggregates the CUSIP securities of the Agency’s approved initiators, exiting through REMIC securitizations (CMO). Rental housing for Ginnie Mae’s permanent workforce and Fannie Mae’s DUS loans are both targets.
George Geotes brings over 17 years of CMBS trading experience to Sabal. Prior to his new role, Geotes recently headed Credit Suisse’s CMBS Trading Group agency as Managing Director and Office Manager. During his tenure at Credit Suisse, he led the issue ranking as No.1 for Agency CMBS, per Commercial mortgage alert, for nine consecutive years. Geotes has negotiated Ginnie Mae, Fannie Mae DUS, Freddie Mac K, Freddie Mac Small Balance, SBA 504, SBIC project loans, as well as Ginnie Mae reverse mortgages. He was responsible for securitizing agency CMBS ‘more than $ 76 billion from his own lending positions, and in addition placing billions of bonds for Freddie, Fannie, SBA and SBIC. George Geotes received his Bachelor of Science in Applied Economics and Management, cum laude, from Cornell University.
“With the administration’s focus on improving financing solutions for workforce and affordable rental housing, as well as the Agency’s multi-family loan volume expected to increase in 2022 in accordance with the recent FHFA announcement, now is the perfect time for a targeted niche player like Sabal to step in and launch SCH Trading, ”says George Geotes. “We anticipate an influx of multi-family focused securitization activity and are currently expanding our SCH trading team to help close the gap. “
About Sabal Capital Holdings Company, LLC
Based in Irvine, California, Sabal Capital Holdings Company, LLC (Sabal) is a privately held financial services firm specializing in commercial real estate, investing and trading. The company’s subsidiary, Sabal Investment Holdings, LLC, is an SEC-registered investment advisory firm specializing in opportunistic real estate and debt investments. Sabal’s latest business, SCH Trading, LLC, launched in November 2021, is a CMBS trading company specializing in agency lending securities.
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CONTACT: Julie Fornaro
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING AND REAL ESTATE COMMERCIAL BUILDING AND REAL ESTATE FINANCE CONSTRUCTION AND REAL ESTATE REIT
SOURCE: Sabal Capital Holdings Company, LLC
Copyright Business Wire 2021.
PUB: 08/11/2021 08:17 / DISC: 08/11/2021 08:17
Copyright Business Wire 2021.