Silverton expands advisory services for institutional investors and strengthens NPL market presence
Silverton Group, a specialist in investment and asset management for commercial real estate and real estate-backed loans, has reported significant expansion in its advisory services for institutional investors. The firm saw a strong 2024, with a focus on supporting insurers, debt funds, and banks in restructuring real estate financing, leading to an advisory volume exceeding €1 billion by year-end.
This milestone underscores Silverton’s growing reputation for navigating complex financial structures, with notable mandates including advisory on a high-profile office development in Munich and a debt-to-equity swap for an insolvent project in Bavaria. The firm’s approach combines in-depth asset valuation, loan management, and restructuring expertise, ensuring transparency and tailored strategies for every mandate.
Comprehensive Advisory and Restructuring Solutions
Silverton assists both traditional and alternative lenders—including insurers, pension funds, and banks—by offering a modular restructuring framework that supports asset valuation, operational execution of restructurings, and asset management when required. The firm specializes in developing alternative business plans and scenario analyses to anticipate future developments and explore new uses for distressed assets.
Managing Partner Stefan Dölker emphasized the importance of establishing realistic asset valuations to determine optimal strategies, including residual value calculations for developments and a comprehensive review of loan documentation. He noted that Silverton’s structured framework provides creditors with transparency and certainty, ensuring informed decision-making in an evolving market.
In cases of insolvency, Silverton offers specialist legal and operational support, collaborating with legal experts to handle disputes and restructuring agreements. When liquidation is unavoidable, the firm ensures it is conducted in the best interest of creditors, managing negotiations and executing structured asset disposals.
Strengthening Market Position in NPL and Distressed Assets
The non-performing loan (NPL) market saw increased activity in 2024, and Silverton capitalized on this trend by securing three NPL transactions with a combined nominal loan volume of €215 million, two of which are in exclusive due diligence. The firm anticipates further expansion in this sector in 2025, driven by persistently high interest rates, tighter lending criteria, and regulatory changes under the Capital Requirements Directive VI (CRD VI) and Capital Requirements Regulation III (CRR III). These reforms are making real estate loan refinancing more difficult, leading to higher loan-to-value ratios and increased financial pressure on developments.
With its deep industry expertise and regulatory readiness, Silverton remains strategically positioned to provide expert guidance to investors navigating the distressed asset market.
New BaFin Servicing Licence Enhances Competitive Advantage
A major milestone for Silverton in 2024 was obtaining a servicing licence under the German Credit Secondary Market Act (KrZwMG) from BaFin, aligning the firm with new European standards for NPL trading and management. This regulatory approval strengthens Silverton’s market position by ensuring greater transparency and security in the handling of distressed real estate loans.
As the NPL market continues to evolve, Silverton’s BaFin servicing licence gives it a distinct competitive advantage, offering easier access to distressed asset opportunities while ensuring compliance with the latest industry regulations.
Looking ahead, Silverton is well-positioned to expand its footprint in 2025, providing institutional investors with expert advisory services, tailored restructuring solutions, and strategic asset management in an increasingly complex real estate financing landscape.
Photos: Jascha Hofferbert, Managing Partner, Silverton Group and Stefan Dölker, Managing Partner, Silverton Group
