$440MM warehouse line wind-down
Wound down repo and warehouse credit facilities during the financial crisis. Worked with sponsors to pay down the lines; ran mark-to-market valuations and collateral tests.
Special assets outsourcing · New York and nationwide
CRE loan workout and REO support for lenders.
Get a plan in place quickly — without hiring full-time staff.
Senior, hands-on support for troubled loans, distressed assets and receiverships. Scalable and flexible to your needs.
Download capabilities (PDF)
Who we serve
- Community and regional banks
- Credit unions
- Debt funds
- Note buyers
- Special servicers
- Workout counsel
Workout capacity, working for the lender
Stabilize the asset
Occupancy, collections, maintenance and property management.
Control cash and information
A clear reporting baseline from the start.
Protect collateral value
Act early on the risks that erode value.
Position for the best exit
Modification, refinance, note sale, receivership or REO sale.
Workout and REO services for lenders
One function or the full workout — scaled to the asset.
- Loan workout and special-assets support
- Distressed asset management
- Receivership support services
- REO management and disposition
- Loan sale advisory and pricing
- Foreclosure, bankruptcy and counsel oversight
- Construction loan monitoring and draws
- Portfolio valuation and mark-to-market
- Site inspections and condition reports
- Monthly lender reporting
A flexible approach
We move quickly to get a plan off the ground, then scale up or down as the situation requires.
01
Assess
Site visit, rent roll, cash and immediate risks.
02
Stabilize
Collections, leasing, vendors and deferred maintenance.
03
Resolve
Compare exit options and recommend a path.
Monthly lender reporting throughout, ready for your credit committee and examiners. Engage us per asset or across a portfolio.
Representative experience
Prior experience of Solaire's founder and bench. No client names are shown.
Distressed short sales
Represented New York lenders alongside special servicers on short sales of distressed assets, including assets from The Park Avenue Bank. Prepared BOVs; managed marketing, negotiation and closing.
REO workout, intake to sale
Ran lender REO pipelines end to end: securing and inspecting assets, approving repair bids, pricing from BPOs and appraisals, and managing listing agents through closing.
Workout platform build
Built special servicing and asset management functions from scratch: credit policy, asset plans for every non-performing loan, counsel rosters and investor reporting.
Also: loan sales in the liquidation of an Australian-listed finance REIT's loan portfolio (2009).
Our team
Matt and Alex lead every assignment, backed by a national bench of special-asset talent.
Matt Ridge
Managing Director
Former senior executive at Delta Bank who has closed more than 2,000 SBA loans. Credit, restructuring and development experience.
Alex Plichta
Client Lead
Day-to-day contact for reporting, site coordination and follow-up.
Our bench
Contract special-asset professionals with decades of bank, servicer and debt-fund experience.
- Special servicing executiveLoan workouts, loan sales and REO.
- Credit and asset management directorNPL dispositions and restructurings.
- Special assets officerCRE and construction workouts, receiverships.
- REO asset managerInspections, repairs, pricing and sale.
- We work only for the lender.
- NDA before any asset details are shared.
- Any prior relationship with a borrower or asset is disclosed upfront.
Vendor due-diligence package available on request: certificate of insurance (professional liability / E&O), W-9 and information-security policy.
Questions lenders ask
What does a CRE loan workout advisor do for a lender?
We give lenders senior workout capacity on troubled commercial real estate loans and REO: site visits, rent roll and cash review, stabilization, exit analysis and monthly reporting for your credit committee.
Can you start on a single asset?
Yes. Engagements can cover one loan or REO property, a portfolio, or support for a court-appointed receiver. We scale up or down as the situation changes.
Do you work for borrowers or owners?
No. Solaire works only for lenders, special servicers, note buyers and their counsel. Any prior relationship with a borrower or asset is disclosed before we start.
Do you act as receiver?
We provide receivership support services and are eligible to seek court appointment where permitted, subject to court approval.
Where do you work?
We are based in New York City and work nationwide, with a focus on the Northeast.
Are you insured?
Yes. Solaire carries professional liability (E&O) insurance. A certificate of insurance is part of our vendor due-diligence package.
Get in touch
Tell us briefly what you're working on. We'll reply to set up a confidential call.
Prefer email? advisory@solairecapital.com
Special assets outsourcing · New York and nationwide
CRE loan workout and REO support for lenders.
Get a plan in place quickly — without hiring full-time staff.
Senior, hands-on support for troubled loans, distressed assets and receiverships. Scalable and flexible to your needs.
Download capabilities (PDF)Who we serve
- Community and regional banks
- Credit unions
- Debt funds
- Note buyers
- Special servicers
- Workout counsel
Workout capacity, working for the lender
Stabilize the asset
Occupancy, collections, maintenance and property management.
Control cash and information
A clear reporting baseline from the start.
Protect collateral value
Act early on the risks that erode value.
Position for the best exit
Modification, refinance, note sale, receivership or REO sale.
Workout and REO services for lenders
One function or the full workout — scaled to the asset.
- Loan workout and special-assets support
- Distressed asset management
- Receivership support services
- REO management and disposition
- Loan sale advisory and pricing
- Foreclosure, bankruptcy and counsel oversight
- Construction loan monitoring and draws
- Portfolio valuation and mark-to-market
- Site inspections and condition reports
- Monthly lender reporting
A flexible approach
We move quickly to get a plan off the ground, then scale up or down as the situation requires.
01
Assess
Site visit, rent roll, cash and immediate risks.
02
Stabilize
Collections, leasing, vendors and deferred maintenance.
03
Resolve
Compare exit options and recommend a path.
Monthly lender reporting throughout, ready for your credit committee and examiners. Engage us per asset or across a portfolio.
Representative experience
Prior experience of Solaire's founder and bench. No client names are shown.
$440MM warehouse line wind-down
Wound down repo and warehouse credit facilities during the financial crisis. Worked with sponsors to pay down the lines; ran mark-to-market valuations and collateral tests.
Distressed short sales
Represented New York lenders alongside special servicers on short sales of distressed assets, including assets from The Park Avenue Bank. Prepared BOVs; managed marketing, negotiation and closing.
REO workout, intake to sale
Ran lender REO pipelines end to end: securing and inspecting assets, approving repair bids, pricing from BPOs and appraisals, and managing listing agents through closing.
Workout platform build
Built special servicing and asset management functions from scratch: credit policy, asset plans for every non-performing loan, counsel rosters and investor reporting.
Also: loan sales in the liquidation of an Australian-listed finance REIT's loan portfolio (2009).
Our team
Matt and Alex lead every assignment, backed by a national bench of special-asset talent.
Matt Ridge
Managing Director
Former senior executive at Delta Bank who has closed more than 2,000 SBA loans. Credit, restructuring and development experience.
Alex Plichta
Client Lead
Day-to-day contact for reporting, site coordination and follow-up.
Our bench
Contract special-asset professionals with decades of bank, servicer and debt-fund experience.
- Special servicing executiveLoan workouts, loan sales and REO.
- Credit and asset management directorNPL dispositions and restructurings.
- Special assets officerCRE and construction workouts, receiverships.
- REO asset managerInspections, repairs, pricing and sale.
- We work only for the lender.
- NDA before any asset details are shared.
- Any prior relationship with a borrower or asset is disclosed upfront.
Vendor due-diligence package available on request: certificate of insurance (professional liability / E&O), W-9 and information-security policy.
Questions lenders ask
What does a CRE loan workout advisor do for a lender?
We give lenders senior workout capacity on troubled commercial real estate loans and REO: site visits, rent roll and cash review, stabilization, exit analysis and monthly reporting for your credit committee.
Can you start on a single asset?
Yes. Engagements can cover one loan or REO property, a portfolio, or support for a court-appointed receiver. We scale up or down as the situation changes.
Do you work for borrowers or owners?
No. Solaire works only for lenders, special servicers, note buyers and their counsel. Any prior relationship with a borrower or asset is disclosed before we start.
Do you act as receiver?
We provide receivership support services and are eligible to seek court appointment where permitted, subject to court approval.
Where do you work?
We are based in New York City and work nationwide, with a focus on the Northeast.
Are you insured?
Yes. Solaire carries professional liability (E&O) insurance. A certificate of insurance is part of our vendor due-diligence package.
Get in touch
Tell us briefly what you're working on. We'll reply to set up a confidential call.
Prefer email? advisory@solairecapital.com