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December 14, 2007
New Buyer of Distressed Loans
G8 Capital LLC has been founded by former MoneyLine Lending Services Inc. CEO Evan Gentry to purchase the mortgage portfolios of struggling lenders and financial institutions. With an initial private-sector investment of $50 million, G8 Capital will purchase $3 million to $25 million portfolios for 40 cents to 75 cents on the dollar.
Posted by S. Germain at December 14, 2007 07:46 AM