Exhibit 21.1

 

    NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
        

Subsidiary

  

State/Country of

Incorporation/Formation

 

1.

  Dayton Asset Holding LLC   

Delaware

 

2.

  DBNC Peach Holdings LLC   

Delaware

 

3.

  DBNC Peach I Trust   

Delaware

 

4.

  DBNC Peach LLC   

Delaware

 

5.

  Fortress Asset Trust   

Delaware

 

6.

  Impac CMB Trust 1998-C1   

Delaware

 

7.

  Impac Commercial Assets Corporation   

California

 

8.

  Impac Commercial Capital Corporation   

California

 

9.

  Impac Commercial Holdings, Inc.   

Maryland

 

10.

  Karl S.A.   

Belgium

 

11.

  LIV Holdings LLC   

Delaware

 

12.

  NCT Holdings II LLC   

Delaware

 

13.

  NCT Holdings LLC   

Delaware

 

14.

  Newcastle 2005-1 Asset Backed Note LLC   

Delaware

 

15.

  Newcastle 2006-1 Asset Backed Note LLC   

Delaware

 

16.

  Newcastle 2006-1 Depositor LLC   

Delaware

 

17.

  Newcastle CDO IV Corp.   

Delaware

 

18.

  Newcastle CDO IV Holdings LLC   

Delaware

 

19.

  Newcastle CDO IV, Ltd.   

Cayman Islands

 

20.

  Newcastle CDO V Corp.   

Delaware

 

21.

  Newcastle CDO V Holdings LLC   

Delaware

 

22.

  Newcastle CDO V, Ltd.   

Cayman Islands

 

23.

  Newcastle CDO VI Corp.   

Delaware

 

24.

  Newcastle CDO VI Holdings LLC   

Delaware

 

25.

  Newcastle CDO VI, Ltd.   

Cayman Islands

 

26.

  Newcastle CDO VII Corp.   

Delaware

 

27.

  Newcastle CDO VII Holdings LLC   

Delaware

 

28.

  Newcastle CDO VII, Limited   

Cayman Islands

 

29.

  Newcastle CDO VIII 1, Limited   

Cayman Islands

 

30.

  Newcastle CDO VIII 2, Limited   

Cayman Islands

 

31.

  Newcastle CDO VIII Holdings LLC   

Delaware

 

32.

  Newcastle CDO VIII LLC   

Delaware

 

33.

  Newcastle CDO IX 1, Limited   

Cayman Islands

 

34.

  Newcastle CDO IX 2, Limited   

Cayman Islands

 

35.

  Newcastle CDO IX Holdings LLC   

Delaware

 

36.

  Newcastle CDO IX LLC   

Delaware

 

37.

  Newcastle CDO X Holdings LLC   

Delaware

 

38.

  Newcastle CDO X Limited   

Cayman Islands

 

39.

  Newcastle CDO X LLC   

Delaware

 

40.

  Newcastle Foreign TRS Ltd.   

Cayman Islands

Continued on next page.


Exhibit 21.1

 

    NEWCASTLE INVESTMENT CORP. SUBSIDIARIES
        

Subsidiary

  

State/Country of

Incorporation/Formation

 

41.

  Newcastle Investment Trust 2010-MH1   

Delaware

 

42.

  Newcastle Investment Trust 2011-MH1   

Delaware

 

43.

  Newcastle MH I LLC   

Delaware

 

44.

  Newcastle Mortgage Securities LLC   

Delaware

 

45.

  Newcastle Mortgage Securities Trust 2004-1   

Delaware

 

46.

  Newcastle Mortgage Securities Trust 2006-1   

Delaware

 

47.

  Newcastle Mortgage Securities Trust 2007-1   

Delaware

 

48.

  Newcastle Trust I   

Delaware

 

49.

  NIC Airport Corporate Center LLC   

Delaware

 

50.

  NIC Apple Valley I LLC   

Delaware

 

51.

  NIC Apple Valley II LLC   

Delaware

 

52.

  NIC Apple Valley III LLC   

Delaware

 

53.

  NIC CRA LLC   

Delaware

 

54.

  NIC Dayton Town Center LLC   

Delaware

 

55.

  NIC DB LLC   

Delaware

 

56.

  NIC DP LLC   

Delaware

 

57.

  NIC Management LLC   

Delaware

 

58.

  NIC MSR I LLC   

Delaware

 

59.

  NIC MSR II LLC   

Delaware

 

60.

  NIC MSR LLC   

Delaware

 

61.

  NIC OTC LLC   

Delaware

 

62.

  NIC SF LLC   

Delaware

 

63.

  NIC SN LLC   

Delaware

 

64.

  NIC TP LLC   

Delaware

 

65.

  NIC TRS Holdings, Inc.   

Delaware

 

66.

  NIC TRS LLC   

Delaware

 

67.

  NIC WL II LLC   

Delaware

 

68.

  NIC WL LLC   

Delaware

 

69.

  SP I Term Facility LLC   

Delaware

 

70.

  SSL Term Loan LLC   

Delaware

 

71.

  Steinhage B.V.   

Netherlands

 

72.

  Xanadu Asset Holdings LLC   

Delaware