Practical advice to investors for every stage of the loan lifecycle
We bring together capital, insight and execution to help investors navigate complexity and optimise value across real estate investments.
Driving value through informed investment and capital decisions
We bridge the gap between institutional capital and complex real estate markets. From equity partners to back-leverage lenders, we combine deep sector intelligence with seamless transactional execution to optimise every mandate. We advise on the structuring, execution and deployment of capital across, acquisitions, development, debt including back-leverage, and portfolio strategies. Our expertise is in understanding and protecting our clients’ interests, sourcing the right partner or counterparty, and performing the appropriate analysis and structuring to accomplish clients’ investment objectives. The bedrock of our expertise is our longstanding relationships with market operators, robust financial modelling, and negotiation acumen with a strong understanding of risk and relative value.
Institutional capital advisory
We support investors in strategically deploying capital across real estate equity and credit, combining market insight, counterparty access and rigorous execution to ensure opportunities are not just sourced, but also structured for performance. Beyond deployment, we help optimise outcomes through disciplined structuring, risk management and alignment to long-term and governance objectives.
CMBS strategy and insights
Our highly experienced team has significant experience across the complex capital stacks behind Commercial Mortgage-Backed Securities (“CMBS”). Whether analysing legacy positions or evaluating new issuances, we provide the risk modelling and market positioning required for high-conviction decision-making. We translate market volatility into actionable strategy.
Non-performing loan (NPL) advisory
The intricacies of distressed debt portfolios require careful navigation across the entire lifecycle of NPL portfolios, from granular pricing analysis and risk assessment to structured closing. Our specialist approach unlocks value and provides clarity in highly complex, distressed markets.
Strategic financial advisory
Our team provides the analytical depth and valuation accuracy required to support critical investment decisions, providing challenge and acting as an independent sounding board for investor decision-making across both individual loan underwriting and portfolio-wide performance and benchmarking in evolving markets. Our advice covers financial and loan book performance and monitoring, security governance, loan credit procedures (including provisioning and watch list management), regulatory audit analysis, and the treatment of regulated versus non-regulated loans.
Financial modelling
Robust financial modelling and analytical support is critical across real estate equity and credit to underpin disciplined investment and financing decisions, for both simple capital structures and especially CRE back-leverage structures such as NAV and Holdco facilities. Combining technical modelling expertise with specialist real estate insight, our bespoke and fully functional models assess cash flow, liquidity, covenant compliance, return dynamics and downside risk across acquisitions, developments, refinancing and portfolio strategies, with dynamic sensitivity analysis to test performance under a range of market scenarios throughout transaction lifecycles.
Restructuring and contingency planning
Our multi-disciplinary teams leverage expertise from across FRP’s capabilities to provide tailored diagnosis of a business’ financial position, prospects and liquidity runways to identify and assess stakeholder options to effect turnaround and rescue strategies, simplification and efficiency projects. Such insights can also be utilised in devising Part 26A Restructuring Plans, Company Voluntary Arrangements and contingency plans should formal insolvency appointments be unavoidable.
