Portfolio Management for Private Real Estate Lenders and Funds
We manage performing and nonperforming loan portfolios for the investors and funds that own them, applying more than three decades of credit and workout experience to protect the capital already at risk.
Portfolio Management
We run the credit side of a loan portfolio under a management agreement. The owner keeps full ownership and control of the entity and can end the engagement at will.
Nonperforming Loans
We take over nonperforming and subperforming loans and run them to resolution, through reinstatement, re-performance, a negotiated deed-in-lieu, or sale, whichever recovers the most for the owner.
Private Lending
We provide bridge capital secured by real estate, underwritten to our own credit standard and managed through the full cycle.
Who We Are
We Have Managed Through Downturns Before
Castle Rock Capital Management is led by Doug Smith, a career credit officer with more than three decades on the credit side of lending, including institutional underwriting and special assets work across several downturns. We founded Castle Rock in 2007 as Castle Rock Commercial Capital, to lend into the void the crash would leave, with the operating entity formed in 2009. We were called contrarian at the time. We were proved right. As that cycle played out, Castle Rock moved into managing portfolios of performing and nonperforming real estate loans for other investors, applying the credit approach that protected capital through earlier downturns. We see the same structural weakness in lending forming now, and we built the firm to manage through what follows.
Some of Our Projects
Commercial NPL
We bought the nonperforming loan on a Florida retail center at a steep discount and took title through a deed-in-lieu. We stabilized the property and sold it to a national REIT.
Residential Spec
We bought a single-family home on an oversized parcel, subdivided it into two buildable lots, built two new homes, and sold both on the retail market.
Commercial NPL
We bought a severely delinquent commercial loan on a small Florida retail center that carried a negative interest-rate swap. We resolved the swap, took title through a negotiated deed-in-lieu, stabilized the property, and sold it.
New Construction
We provided structured financing for a series of new-construction homes in Georgia built for the million-dollar market, working alongside experienced developers.
Opportunities for Alignment
For Funds and Lenders With Capital Deployed
Castle Rock works with funds, note buyers, and private lenders who have capital deployed and want trained credit on it. We take on portfolios where the owner keeps control and wants the credit side run by someone who has managed through a downturn before. To start a conversation, email Doug Smith at dsmith@castlerockcc.com. For single-loan reviews and white label credit support built for smaller private lenders and note investors, see The Mad Lender at themadlender.com.
Castle Rock was founded in 2007 as Castle Rock Commercial Capital, with the operating entity formed in 2009. Over the years the firm has focused on managing performing and nonperforming loan portfolios for investors, private lending, and select development. For inquiries, email dsmith@castlerockcc.com.
Additional Information
