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Jul 20

  • G8 Capital has acquired 700 multi-family property units in Q2 within DFW’s Metroplex — one of the country’s strongest apartment real estate markets;
  • G8 Capital proves again it can quickly close with cash when sellers urgently need to liquidate

LADERA RANCH, CA – July 19, 2010 – G8 Capital announced today that it has acquired three more multi-family apartment complexes in the Dallas/Fort Worth Metroplex; all of which were private deals, two closing in just one week. G8 Capital has now purchased nearly 700 units in the 2nd quarter of 2010 and plans to invest another $100 million in residential and multifamily properties this year. G8 Capital plans to pursue additional investments in Sun Belt states, including the Texas real estate market which currently has the strongest economic climate in the country.

G8 Capital will renovate and improve the assets, enhance the property management strategies, and stabilize the properties to qualify for long-term debt.

“Our experienced team has proven time and again our ability to quickly and efficiently negotiate real estate closings to meet sellers’ needs, and which provide respectable returns for our investors,” said Evan Gentry, president and CEO. “We are successfully negotiating deals in real estate markets throughout the country from the West Coast to Florida, and we look forward to pursuing future acquisitions in the Texas real estate market which offers long-term sustainability and growth.”

In addition, G8 Capital has now completed more than 30 bulk acquisitions since inception in 2007, and has purchased more than 2,000 REO properties and residential whole loans nationwide from nearly all of the major banks and top servicers in the United States. G8 Capital is on track to invest more than $100 million during 2010 in “living component” assets, including residential and multifamily properties, condo developments and conversions, mobile home parks and senior living facilities.

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 and other sellers that are looking to get fair value and timely execution.

May 07

  • G8 Capital proves again it can close a deal efficiently and quickly after the initial investor failed to perform;
  • The 264-unit property is located in DFW’s Metroplex, one of the country’s strongest apartment real estate markets;
  • G8 Capital plans to invest another $130 million in residential and multifamily properties this year, including prudent investments in the Texas real estate market.

LADERA RANCH, CA – May 6, 2010 – G8 Capital announced today that it has acquired a multi-family apartment complex in Ft. Worth, Texas which it was awarded as the initial buyer failed to perform after two months of lost time for the special servicer. G8 Capital came in and quickly closed the deal within 3 weeks. G8 Capital buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs), helping both property owners and their lenders.

“Banks and other sellers continue to reach out to G8 Capital because we have a proven track record of committing to and closing deals in a very timely manner, typically with all cash,” said Evan Gentry, president and CEO of G8 Capital.

“This is the second transaction in a row where G8 Capital closed very quickly after another investor could not perform, showing the importance of counter-party risk and transacting with buyers that can and will perform,” added Daryl Schwartz, Vice President of Acquisitions for G8 Capital.

The multifamily complex, with 264 units on 12.96 acres, is well located within “the Metroplex” which has experienced a large influx of residents in the past year, contributing to high city-wide occupancy rates. In fact, Fort Worth ranks as the 5th best apartment market in the country for 2010. The complex is also located near major area employers including DynCorp., Naval Air Station Joint Reserve Base Fort Worth, and Lockheed-Martin.

G8 Capital plans to completely renovate the complex, offer move-in incentives to tenants, and ultimately significantly increase the area’s tenant occupancy rate. The company also plans to invest at least another $130 million in residential and multifamily properties in 2010, including other investments in the Texas real estate market which currently has the strongest economic climate in the country.

“G8 Capital’s experienced team makes careful risk-adjusted investments in locations that show growth and opportunity, preserving the interest of investors,” said Gentry. “With a disciplined strategy and the relationships necessary to identify and secure attractive opportunities, we are able to consistently deliver exceptional returns to our investors.”

In addition to the recent investment, G8 Capital has now completed more than 30 bulk acquisitions since inception in 2007, and has purchased more than 2,000 REO properties and residential whole loans nationwide from nearly all of the major banks and top servicers in the United States. G8 Capital is planning to invest more than $130 million during 2010 in “living component” assets, including residential and multifamily properties, condo developments and conversions, mobile home parks and senior living facilities.

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 and other sellers that are looking to get fair value and timely execution.

Jan 20

  • G8 Capital has so far acquired 400 beds of a 720-bed senior living community and spearheaded multiple closings amongst several financial institutions within the project
  • G8 Capital has completed more than 30 bulk acquisitions and purchased 1500+ REO properties and residential whole loans nationwide from major banks
  • G8 Capital plans to invest more than $150 million in multifamily properties in the coming year

LADERA RANCH, CA – January 20, 2010 - G8 Capital announced today a multi-bank deal to acquire 400 beds of a 720-bed senior living community in Western Florida with 200 additional beds closing in the coming weeks. The property is a 55+ community developed as a shared living space for active seniors.

G8 Capital was sought to acquire a portion of the community by a bank who found themselves unable to sell the property through typical retail channels due to Home Owners Association and management challenges. G8 Capital was able to provide a quick closing for the bank, as well as facilitate multiple closings among the other bank-owned units with several other financial institutions.

In addition to the recent senior living acquisition in western Florida, G8 Capital has also purchased more than 200 units between two multifamily properties in Bakersfield and Ridgecrest, CA. G8 Capital has now completed more than 30 bulk acquisitions since inception in 2007, and has purchased more than 1,500 REO properties and residential whole loans nationwide from nearly all of the major banks and top servicers in the United States. G8 Capital is planning to invest more than $150 million during 2010 in “living component” assets, including multifamily properties, condo-conversions and senior living facilities.

“We were pleased to work with several financial institutions in our recent acquisition of the senior living community. Given our successful track record, we are now being sought out by financial institutions throughout the United Sates to facilitate quick closings on residential and multifamily portfolios, including properties and projects that have  challenges associated with them,” said Evan Gentry, president and CEO of G8 Capital.

About G8 Capital

G8 Capital (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs). G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $5 million and $500+ million.

Aug 04

G8 Capital Is Working With Residents of the Naval Community of Ridgecrest, California to Maintain Tenancy Since Investor Fraud and Economic Downturn Left Occupants of a 300-Unit Condominium Development Facing Foreclosure and Eviction

LADERA RANCH, CA – August 4, 2009 – G8 Capital announced today that it has purchased more than 70 of the 300 units in the La Mirage condominium development being foreclosed on in the Central California city of Ridgecrest, California. G8 Capital buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs), helping property owners and their lenders.

The 300-unit condominium development was originally military housing which supported the China Lake Naval Base. However, after being converted to investment properties under straw buyers and then dropping significantly in value with the housing market in recent years, the units began foreclosing. Tenants of the troubled 300-unit development have been forced out amidst a serious housing shortage in the growing town which is expected to bring an additional 1000 or more jobs to the Naval Base through 2011.

Since learning of the displaced La Mirage tenants and the plight of the city of Ridgecrest, which is earnestly seeking to assist its residents and the growing community, G8 Capital began due diligence and has been working with lenders to acquire most of the foreclosed units so tenants can remain in their homes and help maintain the development.

“It was absolutely amazing how quickly G8 Capital was able to get the job done despite the complex legal challenges involved,” said Michael Avery, Ridgecrest city manager. “Thanks to G8 Capital’s ability to get these units back on the market, tenants, who would have been notified of eviction due to foreclosure or taken cash for keys, are allowed a chance to stay in their unit or find new living conditions in the same housing complex.”

“We are really pleased to be helping many of the tenants, forced out ultimately because of a fraudulent investor scheme and economic downturn, to stay in their homes,” said Evan Gentry, president and CEO of G8 Capital. “We are anxious to help the city of Ridgecrest — which is supporting a critical naval base — to get the La Mirage development back on its feet, and we believe our acquisition of 70 units will get the community well on its way. Our goal is to acquire a majority of the units in the project, and based on our current discussions we are well on our way to getting this done.”

G8 Capital acquires portfolios with assets throughout the United States with an emphasis in the Western part of the country. The Company has successfully closed distressed portfolios with several sellers, and has raised significant funds with which to acquire additional REO portfolios.

G8 Capital has proven a valuable resource for secondary market, loss mitigation and asset managers looking to get fair wholesale value for their REO portfolios, as well as their performing and non-performing loan portfolios. Once acquired, G8 Capital is working hands-on with borrowers to restructure or jointly create a work-out situation to allow homeowners and renters to stay in their homes.

G8 Capital is led by a professional, experienced team. The Company was founded in 2007 by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital
G8 Capital (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs). G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $5 million and $500+ million.

May 06
  • G8 Capital Closes Acquisition Same Day as Winning the Bid to Accommodate Seller’s Month End; The Portfolio Consists of 182 Residential REO Properties Across 27 States
  • G8 Capital is Successfully Helping Financial Institutions Get Fair Wholesale Value For Their REOs and Loans Despite the Economic Downturn

LADERA RANCH, CA – May 6, 2009 – G8 Capital announced today that it has closed its 15th portfolio acquisition of REO and distressed mortgage properties in just over a year. G8 Capital won the portfolio, which consisted of 182 residential REO properties across 27 states, by successfully closing within two hours notice.

After performing an initial diligence review, G8 Capital was the second highest bidder on the bulk REO portfolio, subsequently awarded to another buyer. However, on April 30th, G8 Capital was notified that the other buyer could not perform and the seller needed to close the same day to accommodate a month-end closing. G8 Capital worked quickly and wired funds within two hours, securing the portfolio the same day.

“Our most recent portfolio acquisition is another testimony of G8’s ability to outperform our competitors and to help sellers quickly and efficiently move assets off their books,” said Evan Gentry, president and CEO, G8 Capital. “Our team has a proven track record and we’re poised to move just as quickly in the coming months as we anticipate a major wave of REOs being created by the recent expiration of national foreclosure moratoriums.”

G8 Capital is actively acquiring portfolios with assets throughout the United States with an emphasis in the Western part of the country. The Company has successfully closed distressed portfolios with several sellers, and has raised significant funds with which to acquire many coming REO pools anticipated by the current backlog of foreclosed properties.

G8 Capital has proven a valuable resource for secondary market, loss mitigation and asset managers looking to get fair wholesale value for their REO portfolios, as well as their performing and non-performing loan portfolios. Once acquired, G8 Capital is working hands-on with borrowers to restructure or jointly create a work-out situation to allow homeowners to stay in their homes with more affordable payments.

G8 Capital is led by a professional, experienced team. The Company was founded in 2007 by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital
G8 Capital, LLC (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs). G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $5 million and $100 million.

Mar 17
  • The Company Has Expanded From California-Focused Acquisitions to Include All Western States;
  • The Company Has Raised an Additional $80 Million for Immediate Portfolio Acquisitions;
  • G8 Capital Is Successfully Helping Financial Institutions Get Fair Wholesale Value for Their REOs and Loans Despite the Economic Downturn

LADERA RANCH, CA – March. 17, 2009 – G8 Capital, LLC announces today that it has closed its 13th portfolio acquisition, and has expanded its current focus beyond California to include all of the Western United States. G8 Capital has a proven track record of helping financial institutions and other holders of REO assets or non-performing loans get fair value for their assets through quick closings.

“We are pleased to complete our 13th portfolio acquisition in the past 1 1/2 years and are ready for what is shaping up to be an extremely active 2009,” said Evan Gentry, president and CEO, G8 Capital. “We work closely with banks and other sellers to move assets and associated risk off of their books in a quick and efficient manner. Because we are all-cash principal buyers we have a great deal of flexibility, which other buyers may not have, as well as the ability to close on transactions very quickly.”

G8 Capital has acquired REO portfolios, as well as distressed residential mortgage portfolios that consist of performing and non-performing loans, from some of the nation’s largest financial institutions and investment banks, as well as smaller regional/community banks.

“We have officially expanded our footprint and are actively acquiring portfolios with assets throughout the Western United States. We have strategically focused on the California market in the past year, but are now seeing comparable opportunities in other western states,” said Gentry.

Based on the success of the first portfolios acquired, G8 Capital has also raised an additional $80 million to be used for immediate acquisitions. The Company is in active due diligence on new deals and has seen increased activity from sellers in the past few weeks.

G8 Capital is a key resource for secondary market, loss mitigation and asset managers looking to get fair wholesale value for their REO and distressed mortgage portfolios. Once acquired, G8 Capital is working hands-on with borrowers to restructure or jointly create a work-out situation to allow homeowners to stay in their homes with more affordable payments.

G8 Capital was founded by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital
G8 Capital, LLC (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate (REOs). G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $5 million and $100 million.

Nov 24
  • Completes Bulk Acquisition of 88 California REOs From a Top-Five U.S. Financial Institution;
  • G8 Capital on Track to Acquire Over $150 Million in Portfolio Acquisitions by Year End;
  • Reports Substantial Increase in Seller Activity After the Treasury Secretary Abandons TARP Program;
  • Helps Financial Institutions and REO Holders Get Fair Value for Their Assets Through Quick Closings

LADERA RANCH, CA – November 24, 2008 – G8 Capital announces today that it has closed its 10th portfolio acquisition from a top-five U.S. financial institution. The portfolio consisted of 88 California REO properties. G8 Capital helps financial institutions and other holders of REO assets or non-performing loans get fair value for their assets through very quick closings.

“Banks, investment banks, mortgage companies, and other financial institutions mired in the credit crisis are increasingly turning to G8 Capital because we have available capital and an expert team poised to quickly move distressed assets off their books,” stated Evan Gentry, founder and CEO of G8 Capital. “Many portfolio sellers have been burned by supposed buyers who were unable to perform. Sellers continue to come back to G8 Capital because we deliver on our commitments, typically closing transactions within two to three weeks.”

G8 Capital expects to close two more REO portfolio acquisitions before the end of the year, putting the firm on track to acquire more than $150 million in portfolio acquisitions over the past 12 months. The firm has acquired portfolios from some of the nation’s largest financial institutions and investment banks, as well as smaller regional/community banks. G8 Capital anticipates acquiring more than $500 million in REO and non-performing loan portfolios next year.

G8 Capital has seen a substantial increase in seller activity following Treasury Secretary Henry Paulsen’s announcement to abandon the Troubled Assets Relief Program (TARP) program to purchase distressed assets.

“Activity from sellers has increased more than threefold following the Treasury’s announcement last week, with many sellers expressing a desire to close transactions before year end,” said Daryl Schwartz, Vice President of Acquisitions for G8 Capital.

G8 Capital was founded in 2007 by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital
G8 Capital (www.g8cap.com) buys REO and distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate. G8 Capital acquires both residential and commercial mortgage portfolios/properties from financial institutions and mortgage companies that are liquidating assets and looking to get fair value. The Company is currently bidding on REO and mortgage portfolios that are worth between $3M and $100M.

Apr 22
  • Mortgage industry veteran, Adam Butler, joins G8 Capital
  • Butler to use his mortgage experience to create successful work-out loan situations for borrowers

LADERA RANCH, CA – April 22, 2008 – G8 Capital, LLC is pleased to announce the appointment of Adam Butler as Chief Operations Officer. Butler is a veteran of the mortgage industry with extensive experience working with borrowers and finding strategic solutions to loan challenges. G8 Capital helps mortgage companies and financial institutions get fair wholesale value for their performing and non-performing loans, and creates work-out situations for borrowers.

As COO, Butler will oversee the workout of all loan pool acquisitions and manage the closings of the company’s REO transactions. The company, which has acquired nearly $40 million in portfolio acquisitions in the past few months, expects to acquire well over $100 million in loan and REO portfolios this year. With this growth, Butler will also oversee the hiring and training of support staff.

“We value Adam’s seasoned leadership skills and his experience as an executive at a major mortgage corporation,” said Evan Gentry, CEO of G8 Capital. “His experience will be valuable as we continue to seek creative and strategic ways to create successful workout solutions for borrowers.”

Prior to joining G8 Capital, Adam co-founded Best Rate Funding Corporation in 2000 and served as its Chief Operations Officer through 2007. Best Rate Funding was a nationally licensed retail mortgage banker that originated and funded more than $3 billion in loan production from five office locations across the country.

“I am very excited to join the team here at G8 Capital and hope to utilize my years of experience in the mortgage industry and leadership abilities to further the growth and success of the company. We have a fantastic group here at G8 Capital, and I am confident that we can and will accomplish big things,” said Butler.

Butler was responsible for the development, training and oversight of several departments within Best Rate Funding, including loan origination, processing, underwriting, funding, post-closing and accounting. Butler managed all credit facilities and secondary market transactions, including the financing and subsequent sale of loans and bulk loan pools into the secondary market.

Additionally, Butler led the development and integration of a proprietary software program used to align all departments throughout the loan process. As a seasoned mortgage banker, Adam has a great understanding of financial and operational management issues involved in mortgage banking.

Butler is a graduate of California State University Long Beach and has held a California Real Estate license since 1998.

About G8 Capital
G8 Capital, LLC (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate. G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $3M and $30M.

Mar 17
  • G8 Capital supports Federal Reserve chairman Bernanke’s suggestion of lender-initiated principal reductions as beneficial not only to borrowers but also lenders
  • G8 Capital helps mortgage companies and financial institutions get fair wholesale value for their loans despite the uncertain credit market

LADERA RANCH, CA – March 17, 2008 – G8 Capital, LLC announces today that it has closed its 5th loan pool acquisition since opening its doors a little more than 90 days ago. The company, which helps mortgage companies and financial institutions get fair wholesale value for their loans, acquires performing and non-performing loans and creates work-out situations for borrowers.

“In the current credit market we’re finding that lender-initiated principal reductions, recommended as a possible solution to the upsurge in foreclosures by Federal Reserve chairman Ben Bernanke, make sense. Not only is it in the borrower’s best interest, but it’s in our best interest as the lender,” stated Evan Gentry, founder and CEO of G8 Capital. “Equity is restored for the borrower, and potential resulting losses can be far less than the cost of foreclosure or selling the distressed loan. I would not want to see legislation on this, but I strongly encourage other lenders to selectively consider principal reductions, as it can be more economical than the alternatives.”

G8 Capital has acquired distressed residential loan pools that have consisted of everything from performing loans, to non-performing loans, to REO properties.

“We have found that many sellers are under the gun to move the assets off their books quickly, and appreciate the speed by which we can operate,” said Evan Gentry, founder and CEO of G8 Capital.

Based on the success of the first pools acquired, G8 Capital has also obtained additional capital commitments for future acquisitions. After closing its sixth acquisition scheduled for next week, the company will have closed nearly $40 million in portfolio acquisitions. The Company has new deals on the horizon and is seeking additional acquisition opportunities. G8 Capital is bidding on loan and REO portfolios worth between $3M and $30M, and is paying between 50 and 80 cents on the dollar depending on the portfolio characteristics.

G8 Capital is a key resource for secondary market, loss mitigation and asset managers looking to get fair wholesale value for their performing and non-performing loan portfolios, and REO portfolios. Once acquired, G8 Capital is working hands-on with borrowers to restructure or jointly create a work-out situation to allow homeowners to stay in their homes with more affordable payments.

G8 Capital was founded by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital
G8 Capital, LLC (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate. G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage and REO portfolios that are worth between $3M and $30M.

Dec 01
  • G8 Capital helps mortgage companies and financial institutions get fair wholesale value for their loans in today’s uncertain credit market
  • G8 Capital offers the backing of strong investors and the expertise of seasoned secondary mortgage market professionals

LADERA RANCH, CA – December 10, 2007 – G8 Capital, LLC has raised $50 Million in committed capital for the purpose of acquiring distressed mortgage loan portfolios, as well as other performing and nonperforming loans and real estate. Backed by investors and lead by seasoned secondary mortgage market professionals with decades of experience, G8 Capital acquires both residential and commercial loan portfolios from mortgage companies and financial institutions that are liquidating asset portfolios and looking to get fair wholesale value.

G8 Capital closed its first portfolio acquisition last month and expects to close two to three more portfolio acquisitions this month. Funding was raised by a handful of private individuals, and includes some of the founder’s own capital. The Company is currently bidding on loan portfolios worth between $3M and $25M, and is buying portfolios between 40 and 75 cents on the dollar for non-performing and performing loans, depending on the portfolio characteristics.

“Mortgage companies and other financial institutions sorting through the frenzy of potential investors in today’s uncertain credit market can partner with G8 Capital for key advantages,” stated Evan Gentry, founder and CEO of G8 Capital. “With solid financial backing and a strong team we are poised to move quickly in bidding and acquiring portfolios, whether they are currently distressed or just need to be liquidated.”

G8 Capital is a key resource for secondary market, loss mitigation and asset managers looking to get fair wholesale value for their performing or non-performing loan portfolios. Once acquired, G8 Capital is working hands-on with borrowers to restructure or jointly create a work-out situation to allow homeowners to stay in their homes with more affordable payments.

Prior to founding G8 Capital, Evan Gentry was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine’s outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine’s “Inc. 500 Fastest Growing Companies.” He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

Mr. Gentry is joined at G8 Capital by other industry experts, including Stanley D. Kirst, 25-year mortgage veteran and former executive vice president of Secondary Marketing Services at MoneyLine/Genpact.

“I am pleased Stan has joined us in this new venture as he has directly led the buying and selling of several billion dollars worth of mortgage loan portfolios in his career and brings considerable experience to G8 Capital,” stated Mr. Gentry.

About G8 Capital
G8 Capital, LLC (www.g8cap.com) buys distressed mortgage loan portfolios, as well as other performing and nonperforming loans and real estate. G8 Capital acquires both residential and commercial mortgage portfolios/properties from mortgage companies and financial institutions that are liquidating assets and looking to get fair wholesale value. The Company is currently bidding on mortgage portfolios that are worth between $3M and $25M.