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G8 Capital Appoints Former Best Rate Funding Executive as Chief Operations Officer

  • 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.