Torati & Co. is a private family office that acquires distressed mortgage notes, REO, and quality real estate in New York and Florida, and develops and repositions property for the long term. We act as acquisition representative for an international institutional investment fund, alongside our own principal capital.
We invest across the capital structure and across the cycle: in defaulted credit when lenders need liquidity, in real estate when fundamentals are strong, and in development where we can create value that does not yet exist.
Non-performing, sub-performing and re-performing mortgage notes, including loans in foreclosure, in bankruptcy or with contested title. Single loans and portfolios, first liens as a priority.
Bank-owned and servicer-held real estate, post-auction and receivership inventory, rent-regulated multifamily, condo terminations, and title-impaired or litigated assets.
Residential and commercial property bought in the open market, distressed or not, in the Palm Beach, Jupiter and Treasure Coast corridor and in New York City. Held for income and long-term appreciation.
Ground-up construction, redevelopment and repositioning, from entitlement and design through construction management, lease-up and sale.
The 2020–2021 moratoria created an artificial low. Since then, foreclosure starts have tripled, loans written at 2022-era rates are defaulting, and a wall of commercial maturities is forcing lenders to sell rather than extend.
Banks and thrifts hold $396B of the 2026 total. Lenders, in the MBA's words, are no longer simply extending terms.
Source: MBA Commercial Real Estate Survey of Loan Maturity Volumes.New York is a judicial foreclosure state, with mandatory settlement conferences and new statute-of-limitations risk under the Foreclosure Abuse Prevention Act. Many lenders would rather sell the note than spend five years working it out. We have spent more than a decade in those courtrooms.
Florida is two markets at once. Record in-migration of capital supports long-term values, while insurance costs, condo reserve laws and 2022-era loans produce a steady supply of distressed paper and property.
Elliott Management moved its headquarters to West Palm Beach in 2020, and Citadel moved to Miami in 2022. Goldman Sachs, Point72 and JPMorgan now lease space in West Palm Beach, where office utilization is among the highest in Florida, well above the national average.
Since Surfside, Florida's SB 4-D and SB 154 require milestone inspections and fully funded structural reserves. Well-capitalized buildings hold their value; underfunded older coastal buildings face special assessments, discounted sales and, increasingly, terminations and bulk buyouts.
The 2022–2024 premium shock pushed stretched owners into arrears, and that shows up in today's foreclosure data. Since the tort reforms, 17 new insurers have entered the state and Citizens has approved its first rate cut since 2015, which supports values going forward.
Our principal relocated to the Palm Beaches in 2022 and has been acquiring property across the northern county and Treasure Coast ever since: distressed and conventional, residential and commercial. We invest where we live, and we know these streets.
Avenir, a 4,750-acre community, is building out to about 4,050 homes on the city's western edge, next to the completed Alton community and town center.
Carrier Global's headquarters, fully leased Class A towers and new office development are drawing corporate and financial tenants north from West Palm Beach.
Northern Palm Beach County, Jupiter, Juno Beach, Tequesta, North Palm Beach, and Stuart and Jensen Beach in Martin County, from single homes to oceanfront portfolios.
Distressed acquisitions often become development projects: a stalled site, an obsolete building, a condominium ready for termination. Our principal has developed real estate since early in his career, and we carry projects from entitlement through stabilization.
Residential and mixed-use projects, from single-family homes to multifamily buildings.
Oceanfront and Intracoastal sites, condo terminations and obsolete buildings brought back to their highest use.
Renovation, re-tenanting and operational turnaround of acquired REO and distressed assets.
Zoning, land use and approvals, working with architects, engineers and local counsel.
Before we were buyers, we spent more than a decade inside defaulted loans: in workouts, foreclosure courts, Chapter 11 proceedings and title disputes. That is why we can price complexity accurately, and why our bids hold.
Collateral files, chain of title, assignments, payment histories and servicing records, reviewed before we bid.
Judicial foreclosure in New York and Florida, negotiated discounted payoffs and deeds in lieu, and Chapter 11 strategy.
Quiet title, lis pendens, rent regulation, condo termination and guaranty matters, handled with experienced counsel.
Construction, leasing, property management and operations to restore value once an asset is under our control.
We work with banks, credit unions, special servicers, private lenders, funds, estates and intermediaries. Brokers are welcome.
Committed capital and diligence done up front. We do not retrade.
Confidential process, NDA on request, and no public marketing of your assets.
Decisions from principals, not committees, with timelines agreed at the outset.
Standard loan-sale documentation, orderly file transfer, and licensed third-party servicing.
Decades in real estate finance, development and distressed-debt resolution, on both sides of the Atlantic.
Early in his career, Hezi developed real estate projects financed through pooled groups of private investors, a structure he pioneered, and went on to create real estate finance products on both sides of the Atlantic. He founded Amerevision in 2012 as a foreclosure specialist and built its practice in loan workouts, restructuring, bankruptcy, forensic review and litigation support across all five boroughs of New York City.
Since relocating to the Palm Beaches in 2022, he has led the family's acquisition and development activity in Florida, from distressed notes and REO to oceanfront homes and commercial property, and acts as acquisition representative for an international institutional investment fund. He holds a bachelor's degree in finance and economics.
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