Frankfurt, 25 November 2013 – Silverton Financial Advisors, a consulting firm specialising in distressed debt investments, work-out advisory and banking consulting, has been awarded a contract by a German bank to provide on-site supporting advice on the asset management of its real-estate-secured loan portfolios in Spain and Italy. The total volume of the two portfolios is in the single-digit billions.
They involve both terminated and active financing arrangements, some of them with highly complex structures, which require considerable expertise in all areas of real estate financing and recovery. The core tasks of the Silverton team include an analysis of the deals and the development and implementation of restructuring strategies, as well as support during the disposal of collateral.
Stefan Dölker, Managing Director of Silverton Financial Advisors: „Following the opening of our office in New York last year, the two engagements we have won in Italy and Spain mark another milestone on our path to internationalising our consulting activities. In Italy, the portfolio is managed by two consultants based at the Milan location, while a colleague in Madrid provides advice for the Spanish loans. We are therefore in a position now to competently partner our customers in Spain and Italy in the acquisition and asset management of their loan portfolios.“