|By Marketwired .||
|December 9, 2013 10:06 AM EST||
LADERA RANCH, CA -- (Marketwired) -- 12/09/13 -- G8 Capital (g8cap.com) announced today that it has recently acquired a $35 million commercial loan in Alexandria, Virginia. G8 Capital is on track to exceed $100 million in commercial loan acquisitions in 2013.
G8 closed the transaction within two weeks and with all-cash after coming to terms with the seller. The loan is secured by a 271,000 square feet office flex/industrial property in Alexandria Virginia.
"G8 Capital completes acquisitions with all cash and consistently closes transaction very quickly and easily, setting the firm apart in the industry," said Evan Gentry, president and CEO of G8 Capital. "The financial institutions and other sellers who work with G8 know we are very timely and reliable, and that they'll get fair wholesale value."
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 and government agencies. G8 Capital's management team has collectively managed more than $10 billion in real estate-related transactions spanning several decades.
Upon acquisition of its portfolios, G8 Capital's 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 both residential and commercial assets.
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. Visit g8cap.com for more information.
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