Evest Capital LLC and EvestMAC LLC, both based in Stamford, Conn., have announced the closing of equity and financing transactions for a recently launched finance subsidiary that invests in distressed and subperforming mortgage assets.The subsidiary, EvestMAC Funding II LLC, received an equity infusion and a total of $46 million from two financing facilities with a national bank and a group of private investors, Evest said. The company said it plans to apply EvestMAC's proprietary enhanced asset recovery model and investment methodology to "a superior asset refinance platform." Evest can be found online at http://www.evestcapital.com.
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