About Planet Management Group
Planet Management Group, headquartered in Melville, New York, is managed by executives with over 100 years combined experience in mortgage servicing, credit risk management, and capital markets activity. Its default management team has over 20 years of experience in default management, loss mitigation, foreclosures, bankruptcies, and REO management.
PMG has sophisticated experience in all aspects of asset management. It provides constructive solutions to investors and has a proven history of success in managing diverse investor portfolios. PMG’s customized asset management solutions maximize recovery value on each asset, and our Senior Asset Managers actively manage portfolios at the loan level to optimize performance.
Business Overview
- Owned by $5+ billion private equity fund
- Asset Manager for $1.4 billion of loans for 20 clients, specializing in default management and non-performing loan resolution
- Launched a custom commercial loan management system to handle applications, processing, reporting, and loan funding for customers in the nine states where it originates commercial Residential Transition Loans (RTLs) via its Planet Renovation Capital division
- Provides responsive service, flexible and unique loan structures, and competitive terms to investors seeking short-term commercial financing to acquire or rehabilitate single family, multifamily or mixed-use projects in Connecticut, Florida, Georgia, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island, and Texas
Ownership Structure
*This graphic is intended to provide a picture of the general ownership of PMG and does not show all the entities/owners in the ownership structure and does not include all affiliates of PMG.
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