HMC ASSETS, LLC
REDONDO BEACH, CA

HMC Assets LLC, founded in 2009 by Gary McCarthy and Jim Helfrich, specializes in acquiring and managing portfolios of distressed debt sourced from banks, financial institutions, and U.S. government-sponsored enterprises such as HUD, Fannie Mae, and Freddie Mac. The company is a prominent buyer of non-performing loans (NPLs) across the United States. These investments are accessible through HMC Assets' proprietary Investor Portal. HMC Assets LLC strategically identifies pools of non-performing residential home loans for acquisition, which can vary significantly in size, ranging from as few as 10 to as many as 5,000 loans per pool. While foreclosure auctions have seen a decline in delinquent loan sales, HMC remains an active buyer given the still substantial volumes held by banks and GSEs. The investment products offered by HMC stand out due to their unique positioning on the market. The company's REO properties are not listed on the MLS, offering exclusive access to real estate investment opportunities unavailable elsewhere. Additionally, they facilitate expedient short sale transactions with cooperative negotiations, dramatically reducing processing times compared to traditional banks. Gary McCarthy brings experience in real estate development and financial trading, having served as president of Great Point Partners and a partner at Vitol SA, Inc., alongside his early career with Mobil Oil Corporation. Jim Helfrich contributed with extensive expertise from San Francisco’s residential and commercial property markets, previously leading Belvedere Assets, LLC. Based in Redondo Beach, California, HMC Assets LLC was incorporated on May 6, 2015. It operates under the Florida Models Dos as a Florida company, with its mailing address at 2015 Manhattan Beach Blvd., Suite 100, and a contact number of (310) 535-9293. The company's official website is hmcassets.com. HMC Assets maintains transparency through regular annual reporting, with their latest filed report dated May 1, 2024 for that year. Wedgewood, LLC serves as a registered member alongside the founding officers and directors.