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Nov 07
  • The portfolio, which was closed quickly with all cash, includes loans secured by California real estate and business assets, including industrial, office and retail buildings;
  • G8 Capital has acquired 45 non-performing or distressed commercial loans across multiple portfolios since last year

LADERA RANCH, CA – November 7, 2011 – G8 Capital announced today that it has completed the acquisition of a $6.2 million portfolio of distressed commercial loans from a major U.S. banking institution. The acquisition was closed quickly with all cash, and the portfolio is comprised of loans secured by California real estate and business assets, including industrial, office and retail buildings.

G8 Capital continues to be one of the most active buyers of distressed commercial and residential real estate loans and properties from banks and government agencies. In addition to its significant residential property acquisitions, G8 Capital has acquired 45 non-performing or distressed commercial loans across multiple portfolios since last year.

“G8 Capital has forged strong long-standing business relationships with most of the top banks and government lending agencies in the U.S. This latest portfolio acquisition from a leading U.S. bank illustrates how we are able to close quickly – often with all cash – to benefit banks and government agencies, as well as secure unique and attractive opportunities for investors,” said Evan Gentry, president and CEO, G8 Capital. “We have already started working with the borrowers of this most recent portfolio with a focus on creating workable solutions for all where possible.”

G8 Capital is actively acquiring bulk portfolios with assets throughout the United States with an emphasis in the Western states, Texas and Florida. G8 Capital has proven a valuable partner for sellers seeking to get fair wholesale value for their REO portfolios, as well as their performing and non-performing residential and commercial loan portfolios.

Once a portfolio is acquired, G8 Capital’s approach is to work closely with the borrowers to assess their situation and determine work-out solutions where possible. Work out solutions may include short sale, obtaining deed in lieu of foreclosure, or restructuring the loan.

About G8 Capital

G8 Capital (www.g8cap.com)is a prudent and disciplined investment firm focused on opportunity-based acquisitions of both residential and commercial real estate assets. G8 Capital acquires real estate and loan portfolios from financial institutions, government agencies and other sellers that are looking to get fair value and timely execution.