LADERA RANCH, CA--(Marketwired - Jun 10, 2014) - G8 Capital (www.g8cap.com) announced today that it has acquired a $15.5 million commercial loan in Tustin, California. G8 Capital (www.g8cap.com) is an experienced investment firm which is actively acquiring commercial real estate assets from sellers looking to get all cash, fair value and timely execution.
G8 Capital closed the transaction with all-cash and contingency free, upon coming to terms with the sellers. G8 acquired the loan through a loan servicer as the loan was part of a Commercial Mortgage Back Security (CMBS) instrument.
The loan is secured by a 360,000 square feet flex/industrial business park property in Tustin, California. The business park sits on over 32 acres and includes 16 industrial/flex buildings, 550 Self Storage Units and an RV/Boat Storage Facility. The site benefits from premier access and visibility in the heart of Orange County, and provides immediate access to both CA-55 and I-5 freeways.
"G8 Capital is continually sought after, and actively acquires commercial real estate and strategic commercial debt investments, because financial institutions who work with us know we are fair, timely, and consistent," said Evan Gentry, president and CEO of G8 Capital. "Real estate and financial firms also seek out G8 Capital for our significant experience and partnerships within the industry."
G8 Capital has managed more than 65 portfolio acquisitions, representing more than $500 million in residential/commercial loans and REO properties, primarily from large U.S. banks, regional banks, loan servicing companies and government agencies. G8 Capital's management team has collectively managed more than $10 billion in real estate-related transactions over the past several decades.
Upon acquisition of its portfolios, G8 Capital works 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.
G8 Capital also makes careful risk-adjusted investments, preserving the interest of investors, while striving to create significant capital appreciation through the careful restructuring, repositioning, intensive servicing and management of commercial assets and strategic private investments.
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 acquisition of commercial real estate assets and strategic private equity investments. 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 from an experienced, reputable firm. G8 Capital's private equity focus includes investment in early-stage and middle-market companies, with a specific focus in the real estate, finance and technology industries. Visit www.g8cap.com for more information.