| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| STATE/COUNTRY OF
| ||||
|
1. |
2520 Ridgewood GP, LLC |
Delaware | ||
| 2. |
Commercial Asset Holdings LLC |
Delaware | ||
| 3. |
DBNC Peach Holding LLC |
Delaware | ||
| 4. |
DBNC Peach I Trust |
Delaware | ||
| 5. |
DBNC Peach LLC |
Delaware | ||
| 6. |
DBNCF Circle LLC |
Delaware | ||
| 7. |
DBNCH Circle LLC |
Delaware | ||
| 8. |
Fortress Asset Trust |
Delaware | ||
| 9. |
Fortress CBO Holdings I Inc. |
Delaware | ||
| 10. |
Fortress CBO Investments I Corp. |
Delaware | ||
| 11. |
Fortress CBO Investments I, Ltd. |
Cayman Islands | ||
| 12. |
Fortress Realty Holdings, Inc. |
Ontario | ||
| 13. |
Impac 1998-C1Carthage Texas, LLC |
Texas | ||
| 14. |
Impac CMB Trust 1998-C1 |
Delaware | ||
| 15. |
Impac Commercial Assets Corporation |
California | ||
| 16. |
Impac Commercial Capital Corporation |
California | ||
| 17. |
Impac Commercial Holdings, Inc. |
Maryland | ||
| 18. |
Karl S.A. |
Belgium | ||
| 19. |
LIV Holdings LLC |
Delaware | ||
| 20. |
NC Circle Holdings II LLC |
Delaware | ||
| 21. |
NC Circle Holdings LLC |
Delaware | ||
| 22. |
NCT Holdings II LLC |
Delaware | ||
| 23. |
NCT Holdings LLC |
Delaware | ||
| 24. |
Newcastle 2005-1 Asset-Backed Note LLC |
Delaware | ||
| 25. |
Newcastle 2006-1 Asset-Backed Note LLC |
Delaware | ||
| 26. |
Newcastle 2006-1 Depositor LLC |
Delaware | ||
| 27. |
Newcastle CDO Holdings LLC |
Delaware | ||
| 28. |
Newcastle CDO I Corp. |
Delaware | ||
| 29. |
Newcastle CDO II Corp. |
Delaware | ||
| 30. |
Newcastle CDO II Holdings LLC |
Delaware | ||
| 31. |
Newcastle CDO III Corp. |
Delaware | ||
| 32. |
Newcastle CDO III Holdings LLC |
Delaware | ||
| 33. |
Newcastle CDO IV Corp. |
Delaware | ||
| 34. |
Newcastle CDO IV Holdings LLC |
Delaware | ||
| 35. |
Newcastle CDO IV, Ltd. |
Cayman Islands | ||
| 36. |
Newcastle CDO IX 1 Limited |
Cayman Islands | ||
| 37. |
Newcastle CDO IX Holdings LLC |
Delaware | ||
| 38. |
Newcastle CDO IX LLC |
Delaware | ||
| 39. |
Newcastle CDO V Corp. |
Delaware | ||
| 40. |
Newcastle CDO V Holdings LLC |
Delaware | ||
| 41. |
Newcastle CDO V, Ltd. |
Cayman Islands | ||
| 42. |
Newcastle CDO VI , Ltd. |
Cayman Islands | ||
| 43. |
Newcastle CDO VI Corp. |
Delaware | ||
| 44. |
Newcastle CDO VI Holding, LLC |
Delaware | ||
| 45. |
Newcastle CDO VII Corp. |
Delaware | ||
| Exhibit 21.1 | ||||
| NEWCASTLE INVESTMENT CORP. SUBSIDIARIES | ||||
| STATE/COUNTRY OF INCORPORATION/FORMATION | ||||
| 46. | Newcastle CDO VII Holdings LLC | Delaware | ||
| 47. | Newcastle CDO VII, Limited | Cayman Islands | ||
| 48. | Newcastle CDO VIII 1, Limited | Cayman Islands | ||
| 49. | Newcastle CDO VIII 2, Limited | Cayman Islands | ||
| 50. | Newcastle CDO VIII Holdings LLC | Delaware | ||
| 51. | Newcastle CDO VIII LLC | Delaware | ||
| 52. | Newcastle CDO X Holdings LLC | Delaware | ||
| 53. | Newcastle CDO X Limited | Cayman Islands | ||
| 54. | Newcastle CDO X LLC | Delaware | ||
| 55. | Newcastle Foreign TRS Ltd. | Cayman Islands | ||
| 56. | Newcastle MH I LLC | Delaware | ||
| 57. | Newcastle Mortgage Securities LLC | Delaware | ||
| 58. | Newcastle Mortgage Securities Trust 2004-1 | Delaware | ||
| 59. | Newcastle Mortgage Securities Trust 2006-1 | Delaware | ||
| 60. | Newcastle Mortgage Securities Trust 2007-1 | Delaware | ||
| 61. | Newcastle Trust I | Delaware | ||
| 62. | NIC 2 River Place LLC | Delaware | ||
| 63. | NIC 4 River Place LLC | Delaware | ||
| 64. | NIC Airport Corporate Center LLC | Delaware | ||
| 65. | NIC Apple Valley I LLC | Delaware | ||
| 66. | NIC Apple Valley II LLC | Delaware | ||
| 67. | NIC Apple Valley III LLC | Delaware | ||
| 68. | NIC BR LLC | Delaware | ||
| 69. | NIC CNL LLC | Delaware | ||
| 70. | NIC CR LLC | Delaware | ||
| 71. | NIC CRA LLC | Delaware | ||
| 72. | NIC CSR LLC | Delaware | ||
| 73. | NIC Dayton Towne Center LLC | Delaware | ||
| 74. | NIC DB LLC | Delaware | ||
| 75. | NIC DBRepo LLC | Delaware | ||
| 76. | NIC DP LLC | Delaware | ||
| 77. | NIC GCMRepo LLC | Delaware | ||
| 78. | NIC GR LLC | Delaware | ||
| 79. | NIC GS LLC | Delaware | ||
| 80. | NIC GSE LLC | Delaware | ||
| 81. | NIC Holdings I LLC | Delaware | ||
| 82. | NIC KZ LLC | Delaware | ||
| 83. | NIC Mezz LLC | Delaware | ||
| 84. | NIC NK LLC | Delaware | ||
| 85. | NIC OTC LLC | Delaware | ||
| 86. | NIC TRS Holdings, Inc. | Delaware | ||
| 87. | NIC TRS LLC | Delaware | ||
| 88. | NIC WL II LLC | Delaware | ||
| 89. | NIC WL LLC | Delaware | ||
| 90. | Steinhage B.V. | Netherlands | ||