Ethos Asset Management Inc., USA, Announces Agreement with JCG Advisors Inc., an Asset Management Company Providing Oversight Services to Institutional Residential Mortgage Investors

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The partnership provides long-term funding to JCG Advisors, a California company, to refinance its existing repurchase facilities (“Repo Refinancing”) as well as to support additional acquisitions of residential mortgage portfolios.

SAN DIEGO, March 23, 2022 /PRNewswire/ — ETHOS ASSET MANAGEMENT INC United States, announced a new long-term financing partnership with JCG, which wholly owns RMS Asset Management, LLC (“RAM”). RAM was founded in 2003 as a finance company specializing in the acquisition of distressed residential mortgages.

carlos santosPresident and CEO of Ethos, said:
“We are honored and very pleased to announce this very important agreement in our home state, California with JCG. From the start, we were very impressed with the exceptionally talented and experienced entrepreneur, Jack Getzelmann, the general manager of RAM. Since co-founding RAM in 2003, Mr. Getzelman has been responsible for the operational, strategic, financial and administrative activities of RAM. Mr. Getzelman has over 30 years of experience in the investment banking and financial services industry. We believe this is a great partnership for Ethos, bringing together our joint funding expertise to enable investment in prime residential mortgages across United States. After refinancing of the repurchase agreement and subject to market conditions and available offers, JCG will continue to use the term loan to finance additional portfolio acquisitions during the years 2023 to 2026 without using its repurchase facility at existing higher cost. The majority of the proceeds from the proposed term financing will be used to refinance and repay existing repurchase facilities. The investment will generate additional employment and career opportunities for the local population and will have a positive impact on the local and national mortgage market. We are very proud to partner with Mr. Getzelman and look forward to seeing JCG’s growth and success over the next few years. »

Jack GetzelmannChief Executive Officer, JCG Advisors Inc., said:
“We look forward to entering into a long-term funding facility with Ethos Asset Management Inc. This facility will allow us to cost-effectively refinance a buyout facility and provide the capital needed to make additional acquisitions in the residential mortgage secondary market. The facility will reduce our cost of funds and thereby increase our price competitiveness on non-performing residential mortgages We plan to grow our balance sheet with Ethos as our partner We look forward to a long-term relationship with Ethos and express our sincere appreciation to Mr. carlos santos and his team of experts at Ethos for the transaction”.

About Ethos Asset Management:
Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance.

For more information, please visit https://www.ethosasset.com/.

On JCG Advisors Inc:
JCG Advisors, Inc (JCG) is a holding company that invests in residential mortgage loans as well as other residential assets. JCG wholly owns RAM, a company that Jack Getzelmann founded in 2003. RMS has been involved in over 275 separate buy and sell transactions totaling more than $12 billion in the main balance (UPB) as well as monitoring services provided on more $70 billion at the UPB.

For more information, please visit https://www.residentialms.com/

contacts:
JCG Advisors Inc:
Jack GetzelmannChief Executive Officer
[email protected]

Sir. Hans Kastensmith
Awarded Holdings International – Ethos Partner
[email protected]
www.attributedholdings.com

Ethos:
Ethos Asset Management INC:
Press office
[email protected]
+18585354814

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SOURCE Ethos Asset Management Inc.

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