WASHINGTON--(BUSINESS WIRE)--Neighborhood Stabilization Capital Management (NS Capital) and Javlin Capital today announced the funding of a $40 million facility enabling NS Capital to expand its efforts to acquire pools of distressed residential mortgages.
“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. “While raising private capital, ensuring investors adequate returns are better suited by for-profit firms. In that the two objectives are not mutually exclusive, NS Capital marries the strengths of for-profit and non-profit to the advantage of investors and homeowners.”
“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.”
About Javlin Capital
Javlin Capital invests in complex financial assets—consumer non-performing loans, healthcare receivables, litigation finance, and real estate assets. Javlin leverages analytical and operational expertise to establish long-term investment partnerships throughout the U.S.
About Neighborhood Stabilization Capital Management
NS Capital, a for-profit investment firm, acquires and manages distressed real estate and mortgage related debt nationwide. NS Capital has combined private expertise and capital with public and non-profit expertise and relationships, enabling the firm to create industry solutions while producing investor returns.
About The Home Preservation Exchange
The Home Preservation Exchange operates to right-size the housing market, and to stabilize neighborhoods, by leveraging the collaborative intellectual, financial, and political power of state agencies, private investors, and non-profits.