LADERA RANCH, CA--(Marketwired - Jul 22, 2013) - G8 Capital (g8cap.com) announced today that it has acquired $35 million in non-performing commercial loans and distressed commercial properties within the first half of 2013. All acquisitions were completed with cash and closed very quickly upon coming to terms with the sellers.
"While other investment firms in our market have come and gone, G8 Capital continues to seek opportunities to purchase distressed commercial loans and properties," said Evan Gentry, president and CEO of G8 Capital. "We've proven time and again our ability to deliver solid returns to investors seeking to profit from the distressed and changing real estate market."
The assets include a total of 15 buildings and more than 500,000 square feet across all of the properties. The properties are located in California and Nevada and include industrial, office and hangar properties.
Within the past few years, G8 Capital has acquired more than $300 million of non-performing loans and REO properties, primarily from large U.S. banks, regional banks and government agencies.
Upon acquisition of its portfolios, G8 Capital's approach is to work closely with borrowers to assess their situation and determine the best work-out solutions, which may include a short-sale, obtaining deed-in-lieu of foreclosure, or restructuring the loan.
For more information about G8 Capital, visit www.g8cap.com.
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.
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