Javlin Capital Partners with First Equity Capital to Purchase Non-performing Residential Mortgages and “REO”

Javlin Capital LLC has entered into a financing and investing relationship with New Jersey-based First Equity Capital to provide First Equity with an integrated facility of debt and equity to finance its purchases of non-performing residential mortgages (“NPLs”) and bank-owned homes (“real estate owned,” “REO”) in the State of New Jersey.

The facility will enable First Equity to capitalize on evolving conditions in the New Jersey market for NPLs and REOs.  In a state noted for having the nation’s longest timeline to foreclose, First Equity’s sole focus on New Jersey gives it a competitive advantage in valuing properties and pursuing strategies to restore the productive value of the real estate it acquires, including loan modifications for owner-occupied houses to sales at prevailing market prices for vacant properties.