Asset & Loan Management

SPECIALISTS IN ALL REAL ESTATE CLASSES

Real Estate Asset Management

We are specialists in the management of all classes of property assets. We also have a particular focus on the management, value enhancement, and repositioning of commercial real estate and properties with value-added potential.

Commercial Real Estate

We focus on increasing property values by sustainably optimizing cash flow and realizing potential for rental income and costs. All our solutions and reporting requirements are developed and implemented individually for each client. Using a web application, our clients can view current activities and results at any time and thus enjoy full transparency and control over their investments.

Focus on Value Appreciation

We have particular expertise in the management and value enhancement of opportunistic properties, some of which are characterized by high vacancy rates and renovation backlogs. We offer turnaround solutions and optimize cash flow and property values through intensive property management, targeted leasing measures, cost management, creative marketing approaches, and repositioning.

BaFin-regulated credit service provider

Primary Loan Servicing

In primary servicing, we perform all credit administration tasks for our clients, including account management, receivables calculation, payment monitoring, interest rate adjustments, and reporting.

As an independent credit service provider regulated by the German authority BaFin, with a payment license pursuant to ZAG, we offer banks, international financial investors, and FinTech companies credit management services (primary servicing) and processing of non-performing financial operations (special servicing). We also support banks and processing institutions in all areas of operational and strategic portfolio and asset management.

Special Loan Servicing

As a special servicer, we provide financial investors with active loan asset management for non-performing loan commitments and act as an outsourced special lending department for commercial banks.

Payment Services

Particularly in syndicated financings, we assume the role of payment agent and/or security trustee. In addition to calculating receivables, preparing settlements, and distributing interest and principal payments to the underwriters, we monitor the fulfillment of agreed covenants, collect annual financial statements, and send late payment reminders. If applicable, we may also give loan termination notice pursuant to the loan or bond agreement. In the process, we assume both the realization of any existing securities and the representation of the lenders in insolvency proceedings.

We are licensed by the German authority BaFin to act as payment agent. All participants are corporate clients, family offices or institutional investors. Since 2009, we have used proprietary software with a risk-based AML module to manage receivables and syndicated financial operations. This software is continually being enhanced and can be adapted any time to the individual needs of clients.

SAS holds a payment license from BaFin for assuming the function of the paying agent. All participants are corporate clients / family offices or institutional investors. Since 2009, Silverton has used proprietary software with a risk-based AML module to manage receivables and syndicated financial operations. This software is constantly being enhanced and can be individually adapted to the needs of clients at any time.

Risk Management

Credit Risk Management

We have extensive experience in credit risk analysis for single investments or portfolios of real estate financing, business loans, and structured financings/securities. Our independence allows us to conduct best practice analysis and due diligence. We provide the following services for our clients:

Credit risk analyses for counterparty risks, single transactions (e.g. structured finance/securitization) or portfolios
Outsourcing of all or part of the credit risk management function
Development of credit risk management processes including forms and reporting under MAK regulations
Establishment of credit policies

In addition, we support our clients in assessing balance sheet structures and developing strategy proposals for continued handling of non-performing exposures as well as the design and/or restructuring of covenants, hurdles (triggers) and other loan components.

Process and Control Management

We advise international financial institutions and companies on compliance with regulatory requirements regarding risk and control documentation according to HGB, IAS and U.S. GAAP. We support our clients in the conception and implementation of risk management and internal control systems, as well as in the preparation of documentation according to internationally recognized standards ISAE 3402 or SAS70.

Risk management means systematically and comprehensively addressing risks in a company with the aim of securing its future. For stock corporations, the term “risk management” has been an important topic since the Corporate Sector Supervision and Transparency Act (KonTraG) came into force in April 1998. This Act stipulates, for example, the extension of the liability of the management and supervisory boards, the assessment of possible risks, and the installation of a risk monitoring system. Within the risk management system (RMS), an organization’s opportunities and risks (strategy, organization, and processes) are continuously identified, evaluated and shaped.

Maritime Solutions

Since 2017, Silverton Maritime Solutions is acting as a commercially and strategically oriented in-dependent advisor for national as well as international investors seeking access to the shipping and other sectors of the maritime industry. The expertise of the Silverton Group is complemented by a team with many years of professional experience in senior management positions in the mari-time industry.

EQUITY

One Stop Shop for Maritime Investments

We support our clients throughout the entire lifecycle of their investments. In this matter, we act not only as a management advidor for investors in controlling their investments and benchmarking the involved service providers, but also as a partner for shipping companies that want to realize their further growth with external investors and capital from outside the industry. Due to our modu-lar approach, management services can be provided on a selective basis for competent clarifica-tion of individual issues as well as on a fully comprehensive scope. Due to the broad experience of the Silverton Group, we are also active in an advisory capacity in ship financing for selected partners.

Master Servicing

Since May 2020, we are managing a fleet of bulk carrier as well as container feeder vessels in the capacity of the master servicer and support the German investor within the ongoing communica-tion with the operational ship manager to optimize the economic results. In this context, we monitor the OPEX and CAPEX budgets and provide decision relevant support for technical issues, in par-ticular for the execution of major repairs as well as regarding upcoming conversions and other technical upgrades of the vessels. Prior to the conclusion of charter contracts, we discuss the cur-rent market situation with the investor and evaluate the proposals of the operational ship manager for the continued operation of the vessels. Together with a law firm, we ensure transparent con-tracts in which the remuneration structures of all service providers are finalized in advance.

Benchmarking: The fleet is technically and commercially managed by different operational ship managers. We constantly arrange the performance and cost comparison between the managers and thus actively contribute to cost optimization and transparency.

Exit: An essential part of a successful ship investment is the successful sale of the vessel. We monitor and analyze permanently the relevant market segments and anticipate its potential future development, thus supporting the owner in the decision making process regarding the best exit timing. As we are independent and have no interest in a long holding period of the investment, we will also pro-actively initiate the sale if we consider this to be right time from our professional con-viction. Our main focus is the economic success of the investor.

Full service - takeover of management functions

In 2021 we have taken over the management of numerous shipping companies, on behalf of a US based owner and shareholder. Silverton acts as the outsourced management function, steering and coordinating all relevant measures, in close cooperation with the operational ship manager.

Engaging in Co-management situations

DEBT

Expertise in ship financing

Silverton has a proven track record of long lasting experience regarding primary, as well as special loan servicing through various mandates for national and international banks and financial inves-tors. We have developed an asset management software tool, which has been optimized and up-dated over many years and which covers all necessary functions on the lending side for shipping loans.
As a BaFin-regulated payment service provider, we often assume the function of payment agent and act as collateral trustee.

CROSS BORDER INVESTMENTS IN THE MARITIME INDUSTRY

Mergers & Acquisitions (M&A)

We advise and support companies in M&A transactions and contribute our industry expertise. We either take over the entire project management or provide support in sub-areas, such as sourcing potential target companies , business plan modeling and carrying out the commercial due dili-gence. We pay special attention to post-merger support.
Silverton has assisted in various M&A projects over the last 24 months and also provided post-merger support after a successful transaction in the maritime insurance sector by assuming an interim management position.

Sourcing Advisory

Through our excellent network we asses and identify suitable shipping deals, which would ensure the envisaged expansion of shipping companies and help them grow their fleet.. Silverton Maritime follows a clear investment strategy, discusses and agrees with the shipping company the princi-ples, compensation models and decision-making processes for the investment. In the process, the earnings forecasts are subjected to in-depth analysis by renowned, internationally experienced rating agencies that specialize in the shipping markets. Budgets are subjected to intensive scrutiny by Silverton Maritime. Finally, the necessary contracts are negotiated and drafted in such a way that the interests of the potential investors are sustainably taken into account.