Ajax Advisors, LLC is our real estate advisory and structured finance group that specializes in sourcing debt, mezzanine and equity capital to institutional and entrepreneurial real estate companies and provides restructuring advisory services to both lenders and owners. The team’s broad experience, in commercial real estate lending as well as in investment, project management and asset management, has provided Ajax with unique access to real estate professionals and a strong understanding of the needs and objectives of our clients.
Ajax offers a unique and thoughtful approach to both the debt and equity marketplaces. Our goals are simple - cost effective execution of the assignment, delivery of the optimal capital structure, and minimizing the likelihood of renegotiation. We save our clients money by drawing on our in-depth knowledge and experience as well as our extensive industry contacts to optimize all aspects of the capital placement. We benefit the capital sources and reduce negotiation by providing efficient and reliable information on each property combined with a first-hand understanding of the requirements to close transactions from a capital source’s perspective.
WORKOUTS AND RESTRUCTURING
In our capacity as lenders and advisors, the professionals at Ajax have had extensive experience in restructuring and disposing of debt and equity positions collateralized by sub and non-performing real estate. In past and current positions we have been responsible for liquidating and restructuring over $2 billion of distressed real estate loans. As former bankers, we have a strong understanding of lender practices and priorities. By combining financial advisory services with a broad range of asset management and development management capabilities, Ajax is uniquely positioned to offer comprehensive distressed asset management solutions to both lenders and owners.
UNDERWRITING AND DUE DILIGENCE
Ajax and its affiliates have provided hands-on real estate research and analysis services to a variety of prominent lending institutions, including Greenwich Capital, Wachovia Securities, JP Morgan Chase, Countrywide Real Estate Finance and Societe General.
eXAMPLES OF PREVIOUS PROJECTS
- Arranged a $165 million joint venture equity investment from a major global financial institution for a portfolio containing office and retail properties.
- Advised owner on the $175 million recapitalization of a 21-property portfolio of office and flex properties.
- Arranged the placement of a $59 million first mortgage on an office building with concentrated exposure to two tenants.
- Arranged the placement of a $26 million first mortgage on a shopping center with a dark anchor tenant.