CRESTMOOR CAPITAL PARTNERS IS A SPECIALTY MERCHANT BANKING COMPANY PROVIDING CAPITAL AND ADVISORY SERVICES TO BANKS, THRIFTS, AND CREDIT UNIONS.
Originally founded in 2010 as Crestmoor Advisors, Crestmoor Capital Partners was formed in 2018 to bring our partners' expertise, worldview, and capital more broadly to the US banking sector. With our unique structuring and capital solutions, we assist bank partners and borrowers with problematic loan and asset situations.
Crestmoor’s founding team brings years of experience in asset management and banking to each situation – this knowledge base helps us to unlock value in a variety of transactions.
Crestmoor Capital Partners combines proprietary repositioning strategies with its own capital and best-of-class asset management in partnership with banks, thrifts, and credit unions in order to provide maximum value recovery in the shortest possible time frame for sub-performing, non-performing, and transitional loans, in addition to OREO and other bank-owned assets.
Over the last decade, Crestmoor has partnered with financial institutions across the US, from Florida to California, to reposition over 150 problem loans and assets totaling $1.5B. We are the only firm in the U.S. that does what we do.
Crestmoor has emerged as an industry-leading advisor to lenders and borrowers with respect to the Paycheck Protection Program (“PPP”) and Main Street Lending Program (“MSLP”). Crestmoor has utilized its deep financial services experience and regulatory knowledge base to develop unique solutions for lenders and borrowers for both the PPP and MSLP.
Paycheck Protection Program ("PPP"): In April of 2020 Crestmoor envisioned the future need for banks to manage their PPP loan concentration risk, servicing risk including the forgiveness process, tail loan amortization risk, and risks associated with PPP ambiguity. In June of 2020, Crestmoor successfully organized and executed the first non-bank PPP loan purchase program in the US, which to date has acquired over $3 Billion of PPP loans from public and private banks and credit unions. In addition to providing banks, thrifts, and credit union partners with the ability to unlock loan origination fee income into current quarter earnings, the PPP loan purchase program provides both lenders and borrowers with one of the most sophisticated automated servicing platforms available in the industry to help navigate the complex loan forgiveness process and any tail loan repayment. Contact us if you are interested in a servicing solution or loan clearing solution for your PPP loans.
Main Street Lending Programs ("MSLP"): Crestmoor has become a leader in the MSLP business, which provides access to competitively structured and priced loans for middle market borrowers. We have worked with bank partners to become eligible lenders, developed a unique pre-qualification and underwriting process for eligible borrowers, and contributed to the formation and evolution of the MSL programs through our direct and indirect government lobbying efforts. Contact us to find out how we can help your bank or business participate in the Main Street Loan Programs.