Years of Expertise
Primary Market
Operating Offices
Integrated Verticals
Selective Approach
Integrated Due Diligence
Platform Vision
Integrated Due Diligence
Operating Cycle
THE
Origination
II
Due Diligence
III
Structuring
IV
Design
V
Execution
YOU
Management & Exit
Operating Cycle
Strategic Acquisitions
Single Assets · Portfolios · Secured NPL/UTP
Development and Redevelopment
New Construction · Conversion · Relocation
Value-Add Operations
Rent Optimization · Asset Management · Lease-up
Special Situations
Bad debts · Distressed · Restructuring
SPV and Dedicated Vehicles
SPV Italy · Luxembourg SV · Co-investment structures
Governance of Initiatives
Information memorandum · IC packages · Monitoring
Service Areas
Architectural Design
Structural Engineering
Project Management
Technical Due Diligence
Sustainability & ESG
Interior & Concept Design
BIM & Digital Design
Feasibility & Concept
Advantage of Vertical Integration
Directional
Hospitality
Logistics
Mixed-Use
Prime Residential
Luxury Residential
Commercial
Redevelopment
Reconversion
Infrastructure
Advantage of Vertical Integration
Senior Debt
Mezzanine
Pref. Equity
Equity
Acquisition Finance
Single Assets · Portfolio Deals · Real Estate M&A
Development Finance
GDV-based · Tranche draw-down · Completion guarantee
Mezzanine & Preferred Equity
PIK interest · Cash/PIK toggle · Kicker arrangements
Asset-Backed Structures
LTV optimization · Collateral management · Cross-collateral
Compartmentalized Vehicles
SPV Italy · Luxembourg SV · Co-invest vehicles
Discipline of Capital
IRR analysis · Waterfall modeling · Sensitivity analysis
THE
Asset Quality Risk
In-depth assessment of the asset's intrinsic quality: location, condition, appreciation potential, and market comparables. Mandatory RICS-certified valuation for each transaction with an estimate of the collateral's worst-case forced sale value.
II
Cash Flow & LTV Risk
Analysis of the business plan's cash flow sustainability under a baseline, upside, and downside scenario. LTV stress test considering a 20%, 30%, and 40% reduction in asset value. Definition of maximum LTV covenants and automatic partial repayment triggers.
III
Counterparty & Borrower Risk
In-depth borrower due diligence: track record, financial strength, corporate structure, governance, and UBO. Review of reputation, potential litigation, and credit history. Structuring of personal and/or corporate guarantees where necessary to mitigate counterparty risk.
IV
Execution & Construction Risk
For development operations: contractor track record review, construction budget review, work schedule analysis, and appropriate contingency plans. Independent technical monitoring during the construction phase through a partnership with Materia GROUP. Completion guarantee or performance bond required.
V
Legal, Regulatory & Title Risk
Complete legal due diligence: asset ownership, absence of undeclared encumbrances, urban planning and land registry compliance, authorizations and permits. Verification of the vehicle's corporate structure, shareholders' agreements, and any restrictions on the transfer. Legal opinions from qualified firms in the relevant jurisdictions.
YOU
Exit & Liquidity Risk
Market liquidity analysis for the underlying asset under key market conditions. Design of mandatory exit triggers (hard maturity, cash sweep) and enforcement mechanisms in the event of default. Analysis of expected sale time and liquidation price in a distressed market.
VII
Rates, FX & Macro Risk
Sensitivity analysis to interest rate risk in floating rate structures. Hedging strategies using interest rate swaps or caps where necessary. Exchange rate risk analysis in cross-border transactions and structures with capital sources in different currencies. Macroeconomic scenario analysis for transactions with maturities exceeding three years.
Strategic Initiative
🇬🇧 London
Headquarters
🇨🇭 Lugano
Swiss Hub · Securitization & Capital Markets
🇮🇹 Milan
Real Estate Ops · Origination & Finance
🇮🇹 Rome
Institutional Hub · Engineering & Development
Press Release · Institutional Press Release
Corporate Update
Strategic Highlight
Strategic Initiative
Institutional References
Society
Division
Structured Finance · Capital Markets
HQ
7 Bell Yard · London WC2A 2JR
United Kingdom
Offices
London · Lugano · Milan · Rome
Areas of Expertise · Structured Finance
Senior Debt
Mezzanine Finance
Preferred Equity
Development Finance
Asset-Backed Structures
Special Situations
Debt Restructuring
Portfolio Financing
GOLD KEY · Luxembourg SV
Cross-Border CH-IT
NPL / UTP Secured