Washington D.C., October 8, 2014 | Neighborhood Stabilization Capital Management (NS Capital) and Javlin Capital (Javlin) today announced the funding of a $40 million facility enabling NS Capital to expand its efforts to acquire pools of distressed residential mortgages nationwide.
“Private, public and non-profit collaboration is essential to developing long term solutions that will ensure the growth of a healthy and vibrant mortgage industry,” said Louis Amaya, Chief Investment Officer of NS Capital. “I am excited to partner with the Javlin team as we continue to create solutions and investor returns.”
“Keeping homeowners in their homes and effecting neighborhood stabilization outcomes are often best achieved by non-profit organizations,” said Sharon Pratt, former mayor of Washington, D.C., and founder of The Home Preservation Exchange (HPE), a Washington-based non-profit that holds majority ownership in the for-profit NS Capital.
“We are thrilled to partner with Louis Amaya and his team at NS Capital,” said Rob Johnson, Javlin CEO. “Beyond offering impressive market expertise and a strong track record, NS Capital’s social mission is something we’re happy to support.”
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