since 2013

New lending: hybrid and structured credit

Our approach

Strategy: Rivercrown originated an off market opportunity to acquire a defaulted loan alongside its partner. Underwritten to 12 months to maximise value.

Risks: Borrower delaying the sale and consequential enforcement process.

Mitigants: Well known sponsor likely to cooperate given other similar investments. Consensual.

since 2012

Secondary: acquisition of loans,

SPLs and NPLs

Our approach

Strategy: Reaching consensual agreements with borrowers to sell assets.

Risks: Uncooperative and/or litigious borrowers.

Mitigants: 77% by face value has been consensually restructured with respective borrowers, while 10% is being enforced upon.

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since 2013

New lending: hybrid and sturctured credit

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Our approach

Strategy: Rivercrown originated an opportunity to finance four significant re-development opportunites.

Risks: Failure to obtain planning consent.

Mitigants: Credible and experienced sponsor which has successfully developed similar schemes update; all sites in preliminary planning stages.

since 2012

Acquisition of individual assets and portfolios

Our approach

Strategy: Asset management with sell-down.

Risks: Tenant-related, capex/ maintenance related and market risks.

Mitigants: Well known sponsor likely to cooperate given other similar investments. Consensual.

since 2015

REOs and buyouts of listed companies, funds and REITs

Our approach

Strategy: Disposition and enhancement of assets, development of land plot.

Risks: Market liquidity, planning and license risks.

Mitigants: Disposition of assets in illiquid markets underway and in negotiations with portuguese municipalities.

since 2004

Management of performing and non-performing assets and loans

Our approach

Strategy: Wind-down the portfolio without crystallising losses.

Risks: Subdued lending market hinder refinancing of loans with LTVs >60%.

Mitigants: Co-operate with borrowers to position for refinancing.