Garnet Capital Closes Sale of $54 Million C&I Loan Portfolio

The portfolio was comprised of approximately 200 relationships with mixed payment performance and collateral types. To facilitate buyer diligence, Garnet organized the relationships into value tiers, prepared account-level summaries and converted payment histories into a cash flow schedule for each loan. The portfolio sale closed with a single buyer in less than seven weeks with 100% pullthrough. "The offering was well received by the market of buyers who appreciated the value proposition for the investment and responded favorably," said Garnet Vice President Janet Nankin.

Garnet Capital is a 29-person, New York-based boutique firm focused on loan sale advisory. The firm is celebrating its 20th anniversary in 2024 and in that time has completed over 1,800 transactions with a UPB of over $144 billion. Garnet's commercial experience includes 160 transactions for approximately $10 billion UPB. During the first half of this year, Garnet completed 110 transactions with a total UPB of $2.5 billion and $1.1 billion invested.