LADERA RANCH, CA--(Marketwire - November 24, 2008) - G8 Capital announces today that it has closed its 10th portfolio acquisition from a top-five U.S. financial institution. The portfolio consisted of 88 California REO properties. G8 Capital helps financial institutions and other holders of REO assets or non-performing loans get fair value for their assets through very quick closings.

"Banks, investment banks, mortgage companies, and other financial institutions mired in the credit crisis are increasingly turning to G8 Capital because we have available capital and an expert team poised to quickly move distressed assets off their books," stated Evan Gentry, founder and CEO of G8 Capital. "Many portfolio sellers have been burned by supposed buyers who were unable to perform. Sellers continue to come back to G8 Capital because we deliver on our commitments, typically closing transactions within two to three weeks."

G8 Capital expects to close two more REO portfolio acquisitions before the end of the year, putting the firm on track to acquire more than $150 million in portfolio acquisitions over the past 12 months. The firm has acquired portfolios from some of the nation's largest financial institutions and investment banks, as well as smaller regional/community banks. G8 Capital anticipates acquiring more than $500 million in REO and non-performing loan portfolios next year.

G8 Capital has seen a substantial increase in seller activity following Treasury Secretary Henry Paulsen's announcement to abandon the Troubled Assets Relief Program (TARP) program to purchase distressed assets.

"Activity from sellers has increased more than threefold following the Treasury's announcement last week, with many sellers expressing a desire to close transactions before year end," said Daryl Schwartz, Vice President of Acquisitions for G8 Capital.

G8 Capital was founded in 2007 by Evan Gentry. Previously he was the CEO of MoneyLine Lending Services. After co-founding MoneyLine in 1996, Mr. Gentry led mortgage origination efforts for several dozen financial institutions for nearly a decade. Mr. Gentry led the growth of MoneyLine's outsourced services business to include 50 banks nationwide, and received recognition by Inc. Magazine's "Inc. 500 Fastest Growing Companies." He sold MoneyLine to Genpact, a spin-off of GE Capital, near the peak of the market in mid-2006.

About G8 Capital

G8 Capital ( buys REO and distressed mortgage loan portfolios, as well as other performing and non-performing loans and real estate. G8 Capital acquires both residential and commercial mortgage portfolios/properties from financial institutions and mortgage companies that are liquidating assets and looking to get fair value. The Company is currently bidding on REO and mortgage portfolios that are worth between $3M and $100M.

Contact Information: Contact: Laurie Brooks Media Relations Coordinator 714-474-3770