Northsight, Jaguar Form New Lending Firm

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Northsight Inc., a Denver-based subsidiary of Navidec Financial Services Inc., has created a new wholesale mortgage lending company with Jaguar Group LLC of Colorado. Northsight and Jaguar will each contribute $4 million in capital in exchange for 50% membership interests in the new company.

The new wholesale lending company, named Jaguar Investment Group LLC, provides wholesale mortgage products to correspondent mortgage banks in the western U.S. The new company also purchases distressed mortgage loan portfolios at discounted prices – providing financial institutions with liquidity in an otherwise illiquid mortgage market, Northsight notes.

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