Who We Are
Home Opportunity Partners, LLC (HOP) is an alternative investment manager that specializes in the residential distressed mortgage and real estate market. The focus is on the due diligence, pricing models and acquisition of small negotiated pools of non-performing first lien residential mortgages and real estate. Since 2016 HOP has priced, negotiated and closed 27 portfolios through four different mortgage investment funds. One of these funds has been completely liquidated and returned a net internal rate of return of 16% to investors. The remaining funds continue to meet or exceed projected distributions and return targets. The funds are managed by a team of professionals that have decades of experience in sourcing, due diligence, modeling, pricing and real estate sales and management.
Investment Strategy
Our experienced fund managers are uniquely positioned to take advantage of a niche segment of the distressed mortgage and real estate market through their extensive institutional relationships. Home Opportunity Partners sources loan product through reverse inquiry to select only those assets that meet our investment criteria. The fund targets pools that are too small for hedge funds and large private equity firms and too large for the small investors (typically $1-$10 million dollar total purchase price.) Management is able to leverage their extensive servicing expertise with a vertically integrated platform to produce effective and profitable asset management results.
“Uniquely positioned to take advantage of a niche segment of the distressed real estate market.”
Our Team
David Caballero
Co-Founder and President
Mr. Caballero is a Co-Founder and President of Home Opportunity Partners, LLC. He has over 30 of years of experience acquiring, managing, renovating and selling distressed single family residential assets nationwide. Mr. Caballero began his career during the savings and loan and oil crisis in Louisiana acquiring distressed SFR homes. He then joined SN Servicing and was instrumental in growing the company from 24 employees to 400 employees and $150,000,000 in distressed assets to over 3 billion. In 2004 Mr. Caballero founded Home Servicing LLC to raise capital, purchase and service distressed first lien mortgages and REO. Mr. Caballero has been involved in 13 successful private placement funds. In 2014 he formed and fully invested a 50 million dollar JV with Apollo’s single family residential REIT. He was a founding partner in a 1.2 billion dollar REO to rental fund. Mr. Caballero was instrumental in raising the capital as well as startup operations to acquire, renovate, lease and manage 11,000 SFR homes.
Don St. John
Co-Founder and Chief Operating Officer
Donald St. John is Co-Founder and Chief Operating Officer of Home Opportunity Partners, LLC, responsible for overall operations, compliance, loan administration and financial reporting. Mr. St. John has a diversified operational and financial background including 30 years of experience in sub-prime and non-performing servicing operations, including financial management and reporting. Additional experience includes extensive financial services industry consulting experience and investment banking relationships.
Prior to Home Opportunity Partners, LLC Donald St. John was President and Chief Operating Officer of Home Servicing, LLC. Responsibilities for overall servicing operations, financial reporting and business development. Mr. St. John was at Home Servicing from inception instrumental in development of all technology platforms, organizational growth and business development. The Company was grown from inception to 60 employees and 15 clients, subsequently sold in 2017 after 10 years of ownership and management.
Before joining Home Servicing Donald St. John was a Director of Transaction Management for Mission Capital Advisors, LLC where he was responsible for agency and private securitization pricing and delivery, servicing surveillance and quality assurance processes. Prior to this Mr. St. John was Senior Vice President of Residential Mortgage Loans for Ocwen Financial Corporation and responsible for collections, loss mitigation and REO management on a $40 billion subprime servicing portfolio.
Mr. St. John holds a Masters in Business Administration and an undergraduate degree in Mechanical Engineering from the State University of New York.
Dustin Gouner
Executive Vice President
Mr. Gouner is an Executive Vice President with Home Opportunity Partners, LLC. He is a highly seasoned professional with extensive experience in residential distressed mortgage and real estate. Responsible for loan portfolio trading, real estate acquisitions, modeling and analytics. This includes acquisition, due diligence, and portfolio surveillance of all non-performing, performing, and real estate purchased and managed by Home Opportunity Partners. Prior to Home Opportunity Partners he was Executive Vice President of operations at Home Servicing, LLC. During his 12 year tenure at Home Servicing he managed and supervised every facet of the loan servicing business making him uniquely qualified to understand every possible outcome of residential distressed assets. Mr. Gouner holds a Bachelor of Science degree in Business Administration and a Post Baccalaureate in Construction Management from Louisiana State University.
Contact Us
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