01
Credit acquisitions
We purchase non-performing and sub-performing real estate loans directly from lenders and other holders.
Selected transactionsReal estate credit
Resolving
complex credit.
Constitution Management acquires non-performing and sub-performing real estate loans. Our approach combines credit expertise with real estate operating experience to maximize recovery for our counterparties.
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The firm
Constitution combines credit and workout expertise with operating experience.
$250MM+
Real Estate Loans Originated
$100MM+
Nonperforming Loans Acquired
0%
Principal Loss Since Inception
Figures reflect Constitution’s lending platform, as reported on the Constitution Real Estate Credit Fund page. Past performance is not a guarantee of future results.
What we do
A direct buyer.
A capable operator.
02
Workout
We work with borrowers, counsel, and other stakeholders to resolve troubled loans through negotiated settlements, restructurings, and legal proceedings.
03
Real estate operations
We manage, lease, and improve the underlying properties, with in-house teams supporting stabilization and disposition.
Property managementOur approach
Maximal recovery. Execution certainty. Expedient execution.
01
Start with your priorities
Whether you need liquidity, a closing by a specific date, or a way out of a prolonged workout, we begin with your objectives and constraints.
02
Work to your timeline
We establish a clear diligence and closing schedule, identify what we need early, and keep you informed so you can plan around the transaction.
03
Build certainty before closing
You deal directly with the buyer. We address credit, legal, and property issues upfront and communicate terms and conditions clearly to reduce surprises late in the process.
04
Focus on your recovery
Our credit and real estate operating experience helps us see value in complex situations. We seek to maximize your recovery while accounting for the time, cost, and uncertainty of continuing to hold the asset.
Selected completed transactions
Complex collateral.
Efficient execution.
01
Vernon Multifamily Loan
A completed loan sale gave the seller an exit from a large multifamily credit and transferred the ongoing credit exposure.
Counterparty type
Mortgage REIT
Collateral type
Multifamily
Loan balance
$78.83M
City
Vernon
State
Connecticut
02
Avon Multifamily Loan
The bank exited a troubled multifamily mortgage before the subsequent foreclosure and bankruptcy process concluded.
Counterparty type
Regional bank
Collateral type
Multifamily
Loan balance
$33.50M
City
Avon
State
Connecticut
03
Greenwich Office REO
A completed REO sale allowed the seller to exit property ownership following foreclosure and receivership, transferring leasing and operating responsibilities.
Counterparty type
Mortgage REIT
Collateral type
Office REO
Loan balance
N/A — REO acquisition
City
Greenwich
State
Connecticut
04
New Haven Construction Loan
A loan sale provided the lender an exit from an unfinished development with mechanics’ liens and tax defaults, transferring completion and resolution risk.
Counterparty type
Private debt fund
Collateral type
Multifamily construction
Loan balance
$14.90M
City
New Haven
State
Connecticut
05
Orange Retail Loan
The bank sold a troubled shopping-center loan before the subsequent deed-in-lieu and leasing work, transferring the remaining workout responsibilities.
Counterparty type
Regional bank
Collateral type
Retail / shopping center
Loan balance
$5.23M
City
Orange
State
Connecticut
06
Brooklyn Residential Loan
A loan sale provided an exit from a Brooklyn court process involving four bankruptcies and a 16-year foreclosure, transferring the burden of continued enforcement.
Counterparty type
Mortgage investment fund
Collateral type
Residential
Loan balance
$1.37M+
City
Brooklyn
State
New York
07
New Jersey Construction Loan
The lender exited a loan secured by unfinished construction with an uncooperative sponsor, transferring completion and enforcement responsibilities.
Counterparty type
Private debt fund
Collateral type
Multifamily construction
Loan balance
$17.18M
City
Orange
State
New Jersey
08
Milford Industrial Loan
A repeat bank counterparty sold a non-performing industrial loan, gaining liquidity and transferring the remaining collection risk before the property sale.
Counterparty type
Regional bank
Collateral type
Industrial
Loan balance
$482K
City
Milford
State
Connecticut
Loan balances reflect approximate full payoff claims, including accrued interest and applicable fees, from dated transaction records. Greenwich was an REO acquisition. Each transaction is distinct; these examples do not guarantee future outcomes.
Our team
Experience across credit,
real estate, and operations.
Kyle O’Hehir
General Partner
Started his career in fixed income on a trading desk at J.P. Morgan before joining multi-strategy hedge fund Millennium. In 2018, Kyle left to found Constitution. He has sourced and executed on over $40mm in distressed credit opportunities and has experience investing in first and second lien mortgages, tax liens, and equity. He holds a bachelor of science in mathematics from the University of Maryland.
Ricardo Sims
General Partner
Ricardo worked on linear rates and equity derivatives trading with Citi before leaving to join a rates hedge fund. He joined Constitution in 2020 and grew the originations business from a cold start to a team of 5 with over $100mm of loans made and $0 of principal loss. He holds a bachelor of science in finance from Florida International University.
Joseph Motta
General Partner
Joe founded Constitution with Kyle in 2018 after working at Four Springs Capital Trust and a boutique investment bank. He runs real estate acquisitions and construction; growing the portfolio from 0 to $100mm and managing $120mm+ of value-add deals. He holds a bachelor of science in finance from Marist College.
Start a conversation
Discuss a loan
or distressed asset.
Contact our team regarding loan dispositions, judgment lien sales, distressed real estate, or property management and receivership support.
team@constitutionmgmt.com(203) 529-7552Thank you. Your inquiry has been received. Our team will be in touch.
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