New German NPL and loan mandates for Silverton Group

The Frankfurt NPL workout and special services group Silverton said this week that it has won new mandates to handle two new NPL portfolios secured on German commercial properties, as well as further instructions for a €400m performing loan portfolio. The new mandates bring Silverton's assets under management to about €2bn.

According to Stefan Dölker, director and co-founder of the Silverton Group, "In the past year, only a handful of large NPL portfolios came on to the market and we received the investors' mandates for two of them. Last year was also very successful for the consultancy side.”

In 2015, Silverton advised international investment banks and opportunistic funds on four transactions, with a total volume of €1.9bn. The vendors were German credit institutions and clearing banks, as well as international NPL investors. The company further boosted staff numbers last year to 21, and now has offices in Munich, New York and Madrid, where yields are expected to be higher this year, as well as its head office in Frankfurt.