Sabal Financial Group Names Rick Brown Portfolio Manager

    NEWPORT BEACH, CA, September 15, 2011 /24-7PressRelease/ -- Sabal Financial Group, L.P., formerly Milestone Asset Resolution Company, LLC, a diversified financial services management firm, has appointed Rick Brown as Portfolio Manager. Brown will oversee all of the firm's residential acquisition, development and construction ("ADC") loan portfolios and perform an integral role in the company's acquisition and valuation services platform.

"Rick Brown's real estate expertise, particularly in the residential lending sector where he has demonstrated experience in maximizing value, is a key component to the oversight of our growing portfolio of assets under management," said R. Patterson (Pat) Jackson, chief executive officer of Sabal Financial Group. "His leadership and background enables us to continue to meet the growth objectives we have established for our residential loan portfolio."

With 23 years of industry experience, Brown's expertise in resolving distressed real estate has made him a leader in the Southern California homebuilding and banking industries. Prior to his position with Sabal Financial Group, Brown served as REO Department Manager at California Bank and Trust, where during 2010 his department completed $100 million in sale transactions, generating returns above projection for approximately 70 percent of the 139 total sale transactions.

"Rick Brown provides Sabal Financial Group with an ideal blend of builder/developer experience and bank work out expertise," said Jackson. "His unique background gives us a strategic advantage in the valuation of residential loan portfolio acquisitions, loan servicing and dispositions."

Brown has also previously served as a Partner of Allied Management Partners overseeing management, operations and company profitability, and served as Vice President at William Lyon Homes where he implemented profitable changes within the home building group, designing and completing new home developments with gross revenues of $685 million and a net profit of $94 million.

Brown is a graduate of Arizona State University with a B.S. in urban development, and has served on the Board of Directors at the Building Industry Association, Baldy View Chapter.

Sabal Financial Group specializes in the acquisition and valuation of portfolios of real estate loans, with a concentration in commercial real estate ("CRE") loans and commercial and residential acquisition, development and construction ("ADC") loans. The company has a commanding market presence providing a broad spectrum of financial guidance to investment and commercial banks, including capital assessments based on portfolio and allowance for loan and lease loss ("ALLL") analysis, having performed more than 100 bank valuations over the past 24 months.

Sabal Financial Group is rapidly expanding its operating platform in response to the growing market for the sale of performing and non-performing loan portfolios and an increase in asset valuation assignments. Sabal Financial Group plans to substantially grow its assets under management and develop a nationwide lending operation to provide debt capital for commercial real estate and select commercial ADC projects.

About Sabal Financial Group
Sabal Financial Group, L.P. is a nationwide diversified financial services firm specializing in the acquisition, valuation, management and servicing of commercial real estate (CRE) and acquisition, development and construction (ADC) loans and mortgages. Sabal Financial Group provides credit advisory services and loan portfolio management and performance assessments for investment and commercial banks, including capital assessment based upon portfolio and ALLL analysis. Formerly Milestone Asset Resolution Company, Sabal Financial Group is a privately held company with nearly $3 billion under management and is led by a senior management team with extensive banking and real estate expertise in both the government and private business sectors. Sabal Financial Group is headquartered in Newport Beach, CA, with offices in Pasadena, CA, Chicago, Miami, Washington, DC, Greenville, SC, and New York City. www.sabalfin.com

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