LADERA RANCH, CA--(Marketwire - Sep 6, 2011) - G8 Capital announced today that it has surpassed 3,000 Single-Family REO properties acquired since 2008. Leveraging long-standing business relationships, G8 Capital continues to be one of the most active buyers of bulk single-family REO portfolios from banks and government agencies. The firm has completed more than 30 bulk REO portfolio acquisitions since 2008.
Although G8 Capital has successfully repaired and sold the large majority of REOs acquired, the firm has begun holding single-family properties in a growing rental portfolio. The firm has more than 350 single-family or condo properties being held as rentals today. G8 Capital's long-term strategies include lease-to-own and contract sales to tenants desirous to own homes. The firm has successfully worked with communities to restore blighted properties and neighborhoods.
"The G8 Capital team has established itself as a partner with sellers of REO portfolios," said Evan Gentry, president and CEO, G8 Capital. "The firm is well positioned to capitalize on the growing wave of REO properties and increased focus by banks and government agencies to move these REOs off their books."
G8 Capital is actively acquiring 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 loan portfolios. Once acquired, G8 Capital works hands-on with borrowers and tenants to jointly seek creative solutions that work for all.
G8 Capital is led by a professional, experienced team. The Company was founded in 2007 by Evan Gentry. Previously Mr. Gentry was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led MoneyLine's outsourced services business to include 50 banks nationwide. Mr. Gentry also created and led a strategic alliance between Freddie Mac, the American Bankers Association and MoneyLine to provide outsourced mortgages services to community banks nationwide. Mr. Gentry led the sale of MoneyLine to Genpact, a spin-off of GE Capital, in mid-2006.
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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