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Expert Advice from Experience.

ThornOak Capital is a commercial real estate advisory and investment firm specializing in complex debt and equity restructuring. We provide expertise to borrowers and holders of sub and non-performing commercial real estate debt while navigating the opaque landscape of loan workouts and special servicing. In addition, through deep industry relationships, ThornOak  sources exclusive off-market distressed opportunities in both the public and private commercial real estate sector and raises the capital needed to facilitate such transactions.

ThornOak was founded by real estate veterans James Caldero and Darren Gluck, former colleagues at LNR Partners. After leaving LNR, the Principals moved on to other leadership positions in real estate finance, while continuing to look for ways to work together. James and Darren reunited in 2020 after recognizing the opportunities of a changing economic and commercial real estate landscape. ThornOak’s mission is to provide real estate participants; including banks, funds, borrowers and special servicers with creative restructuring ideas and sound advice.

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