Javlin Capital LLC (Javlin) has entered into a credit agreement with Fortis Capital IV, LLC (Fortis), a debt-buying affiliate of Presidio Financial, LLC (Presidio), to provide Fortis with a senior facility to finance purchases of charged-off consumer receivables.
Presidio, its debt buying affiliates and servicers, including the Law Office of Curtis O. Barnes (LOCOB), have been leaders in debt purchasing and collections for more than a decade. By combining analytical rigor with an intensive collections operating model, Presidio achieves outstanding results enabling it to compete with much larger buyers in the marketplace.
Curtis O. Barnes, Presidio chairman and CEO, noted the complementary fit with his new capital partners. “The principals of Javlin understand the resources and responsiveness a debt buyer needs to grow,” he said. “Javlin’s commitment to our success positions us for substantial growth in the coming years.”
Rob Johnson, CEO of Javlin, welcomed the partnership with Presidio and its affiliates. “Over the past decade, Presidio has achieved remarkable results with its emphasis on operational and analytical excellence,” said Mr. Johnson. “Javlin shares the same commitment to analytics and operational rigor. Together we expect to capitalize on significant purchase opportunities coming to market.”
About Javlin Capital LLC
Javlin Capital LLC provides capital to acquire service intensive financial assets. For debt buyers, Javlin offers integrated portfolio finance that is flexible, reliable, and cost efficient, leveraging an extensive origination network and a flexible, data intensive and operationally focused underwriting platform. Javlin’s partnership approach and expertise in operations and corporate development deliver value to debt buyers beyond the capital it provides.
About Presidio Financial, LLC
Presidio Financial, LLC and its collections and debt buying affiliates, including Fortis IV, LLC and the Law Office of Curtis O. Barnes, have been industry leaders for more than a decade, combining portfolio analytics and intensive collection operations to achieve superior results. As a complement to the purchase and management of debt for its affiliates, Presidio also has established a stable of top-level collection servicers and a litigation network that permits initiation of suits in all 50 states.