IRVINE, Calif.--(BUSINESS WIRE)--Sabal Capital Holdings Company, LLC, a financial services firm specializing in commercial real estate investment, today announced it has launched SCH Trading, LLC, a new CMBS trading business specializing in Agency loan securities. Based in New York City, SCH Trading currently specializes in the aggregation and securitization of HUD originated Ginnie Mae and Fannie Mae multifamily loans. Sabal also announced the strategic hire of industry veteran George Geotes, who leads the company as Head of Trading.
“The SCH Trading platform is a natural extension to Sabal’s existing investment management business, SCPIM,” says Pat Jackson, founder and CEO of Sabal. “As a nimble, privately held company with deep expertise in commercial real estate and debt investment, Sabal is uniquely positioned to fill a niche void in the marketplace for trading in these securities.”
SCH Trading focuses on the buying and selling of commercial mortgage-backed securities, with a specialization in Agency originated multifamily loans. The company aggregates CUSIP securities from licensed Agency originators, exiting through REMIC (CMO) securitizations. Ginnie Mae permanent workforce rental housing and Fannie Mae DUS loans are both targets.
George Geotes brings more than 17 years of CMBS trading experience to Sabal. Prior to his new role, Geotes most recently led Credit Suisse’s Agency CMBS Trading Group as managing director and desk head. During his tenure at Credit Suisse, he led issue league table as #1 for Agency CMBS, per Commercial Mortgage Alert, for nine consecutive years. Geotes traded Ginnie Mae Project Loans, Fannie Mae DUS, Freddie Mac K, Freddie Mac Small Balance, SBA 504, SBIC, as well as Ginnie Mae Reverse Mortgages. He was responsible for securitizing in excess of $76 billion of Agency CMBS of his own loan positions, and additionally placing billions of bonds for Freddie, Fannie, SBA and SBIC. George Geotes obtained his Bachelor of Science degree in Applied Economics and Management, with cum laude honors, from Cornell University.
“With the administration’s focus on enhancing finance solutions for workforce and affordable rental housing, as well as Agency multifamily loan volume set to increase in 2022 per FHFA’s recent mission driven announcement, it’s a perfect time for a targeted niche player like Sabal to step in and launch SCH Trading,” says George Geotes. “We anticipate an influx in multifamily focused securitization activity and are currently expanding our SCH Trading team to help fill the gap.”
About Sabal Capital Holdings Company, LLC
Headquartered in Irvine, California, Sabal Capital Holdings Company, LLC (Sabal) is a privately held financial services firm specializing in commercial real estate, investment and trading. The company’s subsidiary, Sabal Investment Holdings, LLC, is an SEC-registered investment advisory firm focused in opportunistic real estate and debt investments. Sabal’s latest business, SCH Trading, LLC, launched in November 2021 and is a CMBS trading business specializing in Agency loan securities.
