Frankfurt, 19 July 2016 – The Silverton Group (Silverton) has acquired a further NPL portfolio on its own account. The nominal value of the unsecured debts is 16.5 million Euro. The non-performing loans were originally secured on commercial property, although the properties have already been sold. The vendor of the claims against the three debtors is an international NPL investor.
The Silverton team will now identify further assets and initiate the realisation of the claims against the borrowers and garnishees. The firm is thereby continuing with its strategy of increasingly applying, to its own investments, the expertise it has gained in the servicing and asset management of non-performing loan portfolios for other companies. As recently as March 2016, Silverton took over unsecured and terminated loans, with a volume of 51 million Euro, from an international investor.
Stefan Dölker, director and co-founder of the Silverton Group, comments: „Whereas, in the past, our primary focus was on providing transaction advice and asset management of loans secured on commercial property for other investors, in the future we will increasingly acquire and manage additional NPL portfolios ourselves. The experience we have gained in this field in recent years enables us to identify and exploit hidden potentials in this difficult market.“
Up to now, Silverton had primarily received instructions in the area of primary and special servicing of loan portfolios secured on property. Its assets under management are currently around 2 bn Euro.