- CEO
- Gabriel El-Khoury
- Full Time Employees
- 21
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 2600 East Coast Highway Corona Del Mar CA United States of America 92625
- IPO Date
- Feb 15, 2005
- Business
- ECC Capital Corporation (ECRO) operates as a specialty finance and asset management company focused on residential mortgage-related assets and coal mining operations. The company manages a portfolio of nonconforming residential mortgage loans held in securitized formats, including interests in securitization trusts that issue securities collateralized by residential real estate mortgages; it also owns Kemmerer Holding LLC and its subsidiary Kemmerer Operations LLC, which conducts open-pit mining of sub-bituminous coal for electrical generation and industrial uses in Kemmerer, Wyoming. Subsidiaries encompass ECR Mortgage Corp., ECR Investment Corp., Performance Credit LLC, ECC Rancho Plaza Inc., and Performance Real Estate Inc., supporting its mortgage securitization and real estate activities primarily in the United States. Founded in 2004 and headquartered at 2600 East Coast Highway, Suite 250, Corona del Mar, California, ECC Capital converted from a REIT to a C-Corp in 2020 and trades on OTC Pink Sheets. In April 2024, PhenixFIN Corporation invested $4.2 million for 84 million newly issued shares, equating to approximately 44% ownership, while ECC Capital acquired 100% of Kemmerer Holdings from PhenixFIN, financed partly by a senior secured seller note maturing December 31, 2031; this prompted board changes, including new directors Roque Santi and David Lorber alongside Steve Holder, and Holder's retirement as CEO with Kevin Cloyd remaining as president. The transaction includes an investor rights agreement mandating board approvals for major actions and amended bylaws.