LADERA RANCH, CA – August 1, 2014 – G8 Capital (g8cap.com) announced today that it has completed the acquisition of the Tustin Business Park. In June 2015, G8 Capital acquired the $15.5 million commercial loan securing the property. Following the loan acquisition, G8 Capital worked cooperatively with the borrower and a court appointed receiver to negotiate and execute an amicable deed-in-lieu of foreclosure, turning control of the property over to G8 Capital.
The Tustin Business Park is 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.
“We are very pleased to have negotiated a win-win solution that alleviated the problems of this loan for the borrower and provides G8 Capital the opportunity to revitalize a valuable project for the surrounding community,” said Evan Gentry, president and CEO of G8 Capital.
G8 Capital has managed more than 65 portfolio acquisitions, representing more than $800 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 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.