When the plan stops working

Most advisors underwrite the upside. We underwrite what happens when it doesn't

Expertise for All Your Commercial Real Estate Needs

Atlas Capital Advisors is a senior-led advisory firm focused on distressed commercial real estate, loan workouts, borrower restructurings, court-appointed oversight, and family office advisory. We work with lenders, motivated borrowers, and investors when the situation is complex or too sensitive. These are much too consequential to hand off to a generalist juggling other responsibilities.

  • Multi-Market Tenant Representation,
    Institutional Sales & Leasing

  • Risk Management

  • Strategic Planning

  • Chief Restructuring Officer

  • Loan Portfolio Management

  • Asset Summary Reports

  • Expert Witness

What We Do

Analyze

Every distressed situation looks different on the surface. Underneath, the same forces are usually at work. A capital stack that no longer fits the asset, a borrower and lender who both need a path forward, and a clock that continues to tick away, eroding value, while everyone figures out whose problem it is.


Analyze: We rebuild the numbers before the first call. We review what the lender will see.
Analyze: We re-underwrite the asset before we pick up a phone. Rent roll, loan documents, capital stack, and market conditions are rebuilt from scratch, not summarized from an appraisal or an old broker package. We want to know what the lender sees when they model the same numbers. That preparation is the work. Everything else follows from it.

Advise

We’ve worked both sides of that table for more than 30 years, with most of it on the lender side. That means we understand what a lender’s asset managers are actually measuring and what pressures are on them. We know what their credit committee needs to approve a modification, and more importantly, what the borrower needs to bring to the table (if their answer is “I’m your best shot” this will end badly).

Strategy before tactics. We assess what realistic resolution looks like.
Advise: Strategy before tactics. We map the lender's likely position, their internal constraints, and what a realistic resolution looks like, then we tell you the truth about it, including the parts that are hard to hear. If the deal requires good faith on your part, we'll tell you that too. If your only resolution offer won’t pencil for the lender, we'll tell you that before you spend six months finding out the hard way.

Execute

Lenders may not initially agree with your conclusions, but they want to see preparation, credibility, a path forward, and faith in your project’s success. If you don’t believe in it, neither will they.

We don’t manufacture leverage.

We build it from the facts.



Execution moves the plan forward. Negotiate, coordinate, and drive resolution.
A plan without execution is just a document. We negotiate directly, manage the timeline, coordinate with counsel, and keep the process moving toward resolution, not toward the next extension that buys another 90 days and changes absolutely nothing.

Three Things That Separate Us

One

Senior-led, every engagement. You work with Bert Haboucha directly not a junior analyst who reports to someone who reports to someone who’s read the file once. Every call, every negotiation, every recommendation.

Two

We’ve sat on the other side. Well over $15B in complex workouts and restructures. Former senior roles at the RTC, Fremont Investment & Loan and iStar Financial. Advisory engagements with GE Capital, OneWest Bank, Lone Star Funds, and H/2 Capital Partners, among others. We know how lenders think because we’ve been the lender.

Three

Resolution is the only metric. Your performing-loan team has new originations to close, quarterly targets to hit, and a portfolio too large for any single file to matter. Our only job is driving your distressed situation to resolution, every day, with no distractions.