Note buyers
Garnet Capital Advisors
Garnet Capital Advisors is a loan sale advisor that designs and runs sale processes for loan portfolios. It works with thrifts and depository institutions, banks, credit unions, auto lenders, merchants and point-of-sale lenders, lessors, government agencies, fintechs, specialty finance companies and institutional investors, and has advised on consumer, commercial, residential and equipment loans across performing, sub-performing, non-performing and charged-off segments.
A sale runs as a managed process: preparation and pre-process analysis of portfolio data and history, remediation and presentation of the data, an offering memorandum, a wide outreach to buyers, collation of offers with context on the counterparties and deal terms, then closing support and post-closing reconciliation. Portfolios sell in bulk, as one-time sales, or as forward flow arrangements over time. Alongside sales, the firm runs capital markets work for lenders raising credit facilities, and valuation work including bank acquisition review, pre-sale pricing and FDIC loss-share valuations. Current offerings are posted publicly with sizes and open dates.
The firm reports 2,200+ completed transactions and over $154 billion in loan sales over 20+ years, and a sale database of over 25,000 secondary market participants. It states it has been vetted by the FDIC, the NCUA and most major banks, holds SOC 2 Type II certification, and is an RMAi Certified Broker. It has also been engaged by a bankruptcy trustee to run a court-supervised sale under a sale procedures order.
Fees are not published, and the site does not state which side of a transaction pays them. Buyers who want to see offerings need to be in the database; sellers should ask how the process would be structured for their asset type.
Best for
Banks, credit unions, fintechs, lessors and specialty lenders that need a broker to run a competitive sale of a loan portfolio, and note buyers who want to see institutional offerings. This is an advisor, not a principal buyer.
What they do
- Performing loan portfolio sales
- Nonperforming and charged-off loan sales
- Forward flow sale arrangements
- Commercial real estate loan sales
- Consumer, credit card and auto portfolio sales
- Loan portfolio valuations and pre-sale pricing
- Bank acquisition portfolio review and credit risk analysis
- Capital markets advisory and credit facility raises
- Court-supervised and trustee sale processes
Details
| Attribute | Value |
|---|---|
| Memberships | RMAi Certified Broker, SOC 2 Type II certified |
What stands out
- Reports 2,200+ completed transactions and over $154 billion in loan sales across 20+ years.
- Maintains a sale database of over 25,000 secondary market participants.
- States it has been vetted by the FDIC, the NCUA and most major banks, and holds SOC 2 Type II certification.
- An RMAi Certified Broker.
- Posts current offerings publicly, with portfolio size and open date for each.
Common questions
- What kinds of loans can Garnet help sell?
- Consumer, commercial and residential portfolios, sold either in bulk, as a one-time sale, or as forward flow originations over time. Consumer categories include credit cards, secured and unsecured consumer loans, auto loans and leases, durable goods loans and leases, and point-of-sale or buy-now-pay-later paper. Commercial categories include business and small business loans, commercial real estate loans across multifamily, office, industrial, hotel and retail, and acquisition and development loans.
- Who hires a loan sale advisor?
- Institutions that need an experienced intermediary to design and execute a sale, run a competitive auction, and protect confidentiality, data security and reputation. Garnet lists thrifts and depository institutions, lenders, auto lenders, merchants and point-of-sale lenders, lessors and lease holders, banks, credit unions, government agencies, fintechs, specialty finance companies and institutional investors.
- How does Garnet run a sale process?
- It starts with preparation and pre-process analysis: portfolio data and history, the experience of the management team, and distilling the ask into an answerable structure. Data is remediated and presented, an offering memorandum is developed, and a wide sale process is run. Garnet then collates offers, provides color on counterparties and market context on terms, and drives the deal to closing with a definitive timeline, document review and post-closing reconciliation.