EX-21.1 2 h23588exv21w1.htm SUBSIDIARIES OF THE REGISTRANT exv21w1
 

Exhibit 21.1

Subsidiaries of the Registrant

FIRSTCITY FINANCIAL CORPORATION

(21) Subsidiaries of the Registrant

                     
1.   FirstCity Financial Corporation. The following corporations, limited partnerships, limited liability companies and other entities are subsidiaries of FirstCity Financial Corporation.
 
                    
A.   Corporations:
 
                    
  Name:   Bosque Asset Corp.            
  Jurisdiction:   Texas, incorporated on March 27, 1997            
  Shareholders:   FirstCity Financial Corporation   10,000 Shares     (100 %)
 
                    
    Name:   FirstCity Commercial Corporation (formerly J-Hawk Corporation)
  Jurisdiction:   Texas, incorporated on July 21, 1995            
  Shareholders:   FirstCity Financial Corporation   1,000 Shares     (100 %)
 
                    
    Name:   FC Capital Corp. (d/b/a FirstCity Capital Corporation)
  Jurisdiction:   New York, incorporated on August 4, 1997            
  Shareholders:   FirstCity Financial Corporation   1,000,000 Shares     (100 %)
    *Discontinued Operation
 
                    
  Name:   FirstCity Consumer Lending Corporation            
  Jurisdiction:   Texas, incorporated on September 5, 1997            
  Shareholders:   FirstCity Financial Corporation   1,000 Shares     (100 %)
 
                    
B.   Corporate General Partners of Limited Partnerships:
 
                    
    Name:   Bosque Asset GP Corp. (formerly SLP Assets GP Corp.)
  Jurisdiction:   Texas, incorporated on April 12, 2001            
  Shareholders:   FirstCity Financial Corporation   400 Shares     (100 %)
 
                    
    Name:   Bosque Leasing GP Corp. (formerly Bosque Investment Realty Corp.)
    Jurisdiction:   Texas, incorporated on June 6, 1997
  Shareholders:   Bosque Asset Corp.   400 Shares     (100 %)
 
                    
C.   Limited Partnerships:
 
                    
    Name:   Bosque Asset Funding, L.P. (formerly SLP Assets, Ltd.)
    Jurisdiction:   Texas, certificate filed on April 12, 2001
  Partners:   Bosque Asset GP Corp.   General     0.5 %
      FirstCity Financial Corporation   Limited     99.5 %
 
                    
    Name:   Bosque Leasing, L.P. (formerly Bosque Investment Realty Partners, L.P.)
  Jurisdiction:   Texas, certificate filed on June 6, 1997            
  Partners:   Bosque Leasing GP Corp.   General     2.0 %
      Bosque Asset Corp.   Limited     98.0 %
 
                    
2.   FirstCity Commercial Corporation. The following corporations, limited partnerships, limited liability companies and other subsidiaries of FirstCity Commercial Corporation or its subsidiaries.
 
                    
A.   Corporations:
 
                    
  Name:   Calibat Fund Limited Liability Company            
  Jurisdiction:   Minnesota            
  Members:   FirstCity Commercial Corporation         50 %

Page 1

 

                     
  Name:   FirstCity Holdings Corporation            
  Jurisdiction:   Texas, incorporated on October 16, 1998            
  Shareholder:   FirstCity Commercial Corporation   800 Shares     (80 %)
 
                    
  Name:   FirstCity Holdings Corporation of Minnesota            
  Jurisdiction:   Texas, incorporated on March 11, 2002            
  Shareholder:   FirstCity Holdings Corporation   400 Shares     (100 %)
 
                    
    Name:   FirstCity Servicing Corporation (formerly J-Hawk Servicing Corporation)
  Jurisdiction:   Texas, incorporated on July 25, 1995            
  Shareholder:   FirstCity Holdings Corporation   1,000 Shares     (100 %)
 
                    
    Name:   FirstCity International Corporation (formerly J-Hawk International Corp.)
  Jurisdiction:   Texas; incorporated on December 19, 1996            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (100 %)
 
                    
  Name:   FirstCity Europe Corporation            
  Jurisdiction:   Texas; incorporated on May 12, 2003            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (100 %)
 
                    
  Name:   FirstCity Mexico, Inc.            
  Jurisdiction:   Texas, incorporated on December 9, 1998            
  Shareholders:   FirstCity Holdings Corporation   1,000 Shares     (100 %)
 
                    
  Name:   Strategic Mexican Lending Partners, L.P.            
  Jurisdiction:   Texas, certificate filed on May 8, 2001            
  Partners:   FirstCity Holdings Corporation   General     1.0 %
      FirstCity Holdings Corporation   Limited     89.0 %
 
                    
  Name:   Strategic Mexican Investment Partners, L.P.            
  Jurisdiction:   Texas, certificate filed on May 8, 2001            
  Partners:   FirstCity Mexico, Inc.   General     1.0 %
      FirstCity Mexico, Inc.   Limited     89.0 %
 
                    
  Name:   Strategic Mexican Lending Partners 2, L.P.            
  Jurisdiction:   Texas, certificate filed on July 3, 2001            
  Partners:   FirstCity Holdings Corporation   General     1.0 %
      FirstCity Holdings Corporation   Limited     89.0 %
 
                    
    Name:   Strategic Mexican Investment Partners 2, L.P.
  Jurisdiction:   Texas, certificate filed on July 3, 2001            
  Partners:   FirstCity Holdings Corporation   General     1.0 %
      FirstCity Holdings Corporation   Limited     89.0 %
 
                    
  Name:   Resmex, LLC            
  Jurisdiction:   Delaware, incorporated December 11, 1998            
  Manager & Member:   FirstCity Mexico, Inc.         11.12 %
 
                    
  Name:   Residencial Oeste, S.A. de C.V.            
  Jurisdiction:   Mexico, incorporated December 16, 1998            
  Shareholders:   Resmex, LLC   112,365 Shares     (100 %)

Page 2

 

                     
  Name:   Namex, LLC            
  Jurisdiction:   Delaware, formed December 10, 1999            
  Manager & Member:   FirstCity Mexico, Inc.         22.22 %
 
                    
    Name:   Cartera en Administracion y Cobranza, S.A. de C.V.
  Jurisdiction:   Mexico, incorporated December 13, 1999            
  Manager & Member:   Namex, LLC   10,997 shares     (90 %)
 
                    
  Name:   BIDMEX, LLC            
  Jurisdiction:   Delaware, formed January 28, 2000            
  Manager & Member:   FirstCity Mexico, Inc.         3.21 %
 
                    
    Name:   Administracion de Carteras Nacionales, S.A. de C.V.
  Jurisdiction:   Mexico, incorporated January 2000            
  Shareholders:   BIDMEX, LLC         99.68 %
 
                    
  Name:   BIDMEX II, LLC            
  Jurisdiction:   Delaware, formed on May 9, 2000            
  Manager & Member:   FirstCity Mexico, Inc.         4.12 %
 
                    
    Name:   Administraction de Carteras Nacionales II, S. de R.L. de C.V.
        (formerly Ome Calpulli, Resolución de Cartera, S. de R.L. de C.V.)
  Jurisdiction:   Mexico, incorporated on November 17, 1999            
  Shareholders:   BIDMEX II, LLC         99.6 %
 
                    
  Name:   BIDMEX 3, LLC            
  Jurisdiction:   Delaware, formed on October 20, 2000            
  Manager & Member:   FirstCity Mexico, Inc.         10.0215054 %
 
                    
    Name:   Administraction de Carteras Empresariales, S. de R.L. de C.V.
  Jurisdiction:   Mexico, formed on November 13, 2000            
  Shareholder:   BIDMEX 3, LLC         99.8 %
 
                    
  Name:   BIDMEX 4, LLC            
  Jurisdiction:   Delaware, formed on March 12, 2001            
  Manager & Member:   FirstCity Mexico, Inc.         20.0 %
 
                    
    Name:   Cobranza Nacional de Carteras, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholder:   BIDMEX 4, LLC         100.0 %
        “Nominee” - 1 Share - Asset Servicing de Mexico, S.A. de C.V.
 
                    
  Name:   BIDMEX 5, LLC            
  Jurisdiction:   Delaware, formed on April 30, 2001            
  Manager & Member:   FirstCity Mexico, Inc.         20.0 %
 
                    
    Name:   Cobranza Internacional de Carteras, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 5, LLC         100.0 %
 
                    
  Name:   BIDMEX 6, LLC            
  Jurisdiction:   Delaware, formed on May 31, 2001            
  Manager:   FirstCity Mexico, Inc.            
  Member   Strategic Mexican Investment Partners 2, L.P.         10.00 %

Page 3

 

                     
    Name:   Recuperacion de Carteras Mexicanas, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 6, LLC         100.0 %
 
                    
  Name:   BIDMEX 7, LLC            
  Jurisdiction:   Delaware, formed on May 31, 2001            
  Manager:   FirstCity Mexico, Inc.            
  Member:   Strategic Mexican Investment Partners 2, L.P.         35.00 %
 
                    
    Name:   Integracion de Activos Mexicanos, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 7, LLC         100.0 %
 
                    
  Name:   BIDMEX 8, LLC            
  Jurisdiction:   Delaware, formed on May 31, 2001            
  Manager:   FirstCity Mexico, Inc.            
  Member:   Strategic Mexican Investment Partners, L.P.         20.00 %
 
                    
    Name:   Recuperacion de Activos Mexicanos, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 8, LLC         100.0 %
 
                    
  Name:   BIDMEX 9, LLC            
    Jurisdiction:   Delaware, formed on January 7, 2003
  Manager:   FirstCity Mexico, Inc.            
    Member:   Strategic Mexican Investment Partners, L.P.         15.00 %
 
                    
    Name:   Solucion de Activos Residenciales, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 9, LLC         100.0 %
 
                    
  Name:   BIDMEX 10, LLC            
  Jurisdiction:   Delaware, formed on July 8, 2004            
  Manager:   FirstCity Mexico, Inc.            
  Member:   FirstCity Mexico, Inc.         25.00 %
 
                    
    Name:   Solucion de Activos Comerciales, S. de R.L. de C.V.
  Jurisdiction:   Mexico            
  Shareholders:   BIDMEX 10, LLC         100.0 %
 
                    
  Name:   FirstCity South America, LLC            
  Jurisdiction:   Texas, formed December 12, 2003            
  Managers:   James C. Holmes            
      Terry R. DeWitt            
  Members:   FirstCity Holdings Corporation         50 %
 
                    
  Name:   P.R. L. Developpement, S.A.S.            
  Jursidiction:   France            
  Ownership:   FirstCity Europe Corporation         33.50 %
      MCS et Associes, S.A.         33.50 %
 
                    
  Name:   UBN, Societe Anonyme            
  Jurisdiction:   France            
  Ownership:   P.R.L. Developpement, S.A.S.         100 %

Page 4

 

                     
  Name:   SAI, Societe Auxiliare Immobiliere            
  Jurisdiction:   France            
  Ownership:   FirstCity Europe Corporation         22.5 %
 
                    
    Name:   Community Development Investments, LLC
  Jurisdiction:   Delaware, incorporated June 18, 1999            
  Manager:   WAMCO XXIV, Ltd.            
  Member:   WAMCO XXIV, Ltd.             100%
of Common Membership Interests
 
                    
  Name:   CFSC Consortium, LLC            
  Jurisdiction:   Delaware, incorporated on August 12, 1999            
  Members:   WAMCO XXVII, Ltd.         51.16 %
 
                    
  Name:   UHR Limited            
    Jurisdiction:   England and Wales; organized March 15, 1999
        (name change from CHRB Limited to UHR Limited 05-06-99)
  Shareholder:   FirstCity International Corporation   200 B Shares     (20 %)
 
                    
  Name:   NEVVS Limited            
  Jurisdication:   England and Wales; November 27, 2000            
  Shareholder:   FirstCity International Corporation   250 B Shares     (25 %)
 
                    
  Name:   WHBE Limited            
  Jurisdiction:   England and Wales; December 13, 2001            
  Shareholder:   FirstCity International Corporation   100 B Shares     (10 %)
 
                    
  Name:   WOX Limited            
  Jurisdiction:   England and Wales; May 27, 2002            
  Shareholder:   FirstCity International Corporation   200 C Shares     (20 %)
 
                    
  Name:   CRY Limited            
  Jurisdiction:   England and Wales; July 30, 2002            
  Shareholder:   FirstCity International Corporation   200 B Shares     (20 %)
 
                    
  Name:   CTY Limited            
  Jurisdiction:   England and Wales; December 18, 2002            
  Shareholder:   FirstCity International Corporation   200 B Shares     (20 %)
 
                    
  Name:   WOL Limited            
  Jurisdiction:   England and Wales; June 11, 2003            
  Shareholder:   FirstCity International Corporation   225 C Shares     (22.5 %)
 
                    
  Name:   WOD Limited            
  Jurisdiction:   England and Wales; November 12, 2003            
  Shareholder:   FirstCity International Corporation   225 C Shares     (22.5 %)
 
                    
  Name:   FG Portfolio Limited            
  Jurisdiction:   England and Wales; June 8, 2004            
  Shareholder:   FirstCity International Corporation   225 C Shares     (22.5 %)
 
                    
  Name:   FirstStreet Investment Corporation            
  Jurisdiction:   Delaware, incorporated on August 9, 1996            
  Shareholders:   FirstCity Commercial Corporation   500 Shares     (50 %)

Page 5

 

                     
  Name:   FirstStreet Investment L.L.C.            
    Jurisdiction:   Delaware, certificate filed on August 9, 1996
    Members:   FirstStreet Investment Corporation, WAMCO III, Ltd. and
      WAMCO IX, Ltd.            
 
                    
  Name:   W&B Property Management, Inc.            
  Jurisdiction:   Texas, incorporated February 12, 1993            
  Shareholder:   FC Properties One, Ltd.   1,000 Shares     (100 %)
 
                    
B.   Corporate General Partners of Limited Partnerships:
 
                    
  Name:   WAMCO III of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   948 Shares     (50 %)
 
                    
  Name:   WAMCO IX of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on May 26, 1995            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXIV of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXV of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on August 8, 1997            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXVI of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on September 22, 1998            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXVII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on September 20, 1999            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXVIII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on March 14, 2000            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO XXX of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on January 5, 2001            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO 31 of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on February 20, 2003            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)

Page 6

 

                     
  Name:   WAMCO 32 of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on October 8, 2003            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   WAMCO 33 of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on November 12, 2003            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   FH Asset Corp.            
  Jurisdiction:   Texas, incorporated on December 17, 1996            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (100 %)
 
                    
  Name:   FC Assets Corp.            
  Jurisdiction:   Texas, incorporated on February 27, 1998            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (100 %)
 
                    
  Name:   DFC Asset Corp.            
  Jurisdiction:   Texas, incorporated on July 26, 1995            
  Shareholder:   FirstCity Commercial Corporation   1,000 Shares     (100 %)
 
                    
  Name:   First C Corp.            
  Jurisdiction:   Texas, incorporated on March 6, 1998            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (100 %)
 
                    
  Name:   First X Corp.            
  Jurisdiction:   Texas, incorporated on October 3, 1996            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     (100 %)
 
                    
  Name:   First B Corp.            
  Jurisdiction:   Texas, incorporated on October 10, 1997            
  Shareholder:   FirstCity Commercial Corporation   400 Shares     (100 %)
 
                    
  Name:   SVD Realty Asset Corp.            
  Jurisdiction:   Texas, incorporated on June 6, 1997            
  Shareholder:   FirstCity Commercial Corporation   400 Shares     (100 %)
 
                    
  Name:   FC Assets One Corp.            
  Jurisdiction:   Texas, incorporated on March 17, 1998            
  Shareholder:   FC Assets Corp.   1,000 Shares     (100 %)
 
                    
  Name:   FC Assets Three Corp.            
  Jurisdiction:   Texas, incorporated on March 17, 1998            
  Shareholder:   FC Assets Corp.   1,000 Shares     (100 %)
 
                    
  Name:   FC Assets Four Corp.            
  Jurisdiction:   Texas, incorporated on March 17, 1998            
  Shareholder:   FC Assets Corp.   1,000 Shares     (100 %)
 
                    
  Name:   FC Assets Five Corp.            
  Jurisdiction:   Texas, incorporated on March 17, 1998            
  Shareholder:   FC Assets Corp.   1,000 Shares     (100 %

Page 7

 

                     
  Name:   FC Assets Six Corp.            
  Jurisdiction:   Texas, incorporated on March 17, 1998            
  Shareholder:   FC Assets Corp.   1,000 Shares     (100 %
 
                    
  Name:   FCS Wood GP, Corp.            
    Jurisdiction:   Texas, incorporated on September 15, 1998
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   FCS Creamer GP, Corp.            
  Jurisdiction:   Texas, incorporated on April 28, 1999            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   FCS Wildhorse GP, Corp.            
  Jurisdiction:   Texas, incorporated on June 14, 1999            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (50 %)
 
                    
  Name:   FCS Fischer GP, Corp.            
  Jurisdiction:   Texas, incorporated on March 13, 2000            
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (33 %)
 
                    
  Name:   MCSFC GP Corp.            
    Jurisdiction:   Texas, incorporated on September 11, 2000
  Shareholders:   FirstCity Holdings Corporation   1000 Shares     (100 %)
 
                    
  Name:   Imperial Partners GP Corp.            
    Jurisdication:   Texas, incorporated on October 4, 2000
  Shareholder:   FirstCity Holdings Corporation   200 Shares     (100 %)
 
                    
  Name:   MinnTex GP Corp.            
    Jurisdication:   Texas, incorporated on March 11, 2002
  Shareholder:   FirstCity Holdings Corporation of Minnesota   200 Shares     (50 %)
 
                    
  Name:   FirstGreen GP LLC            
  Jurisdication:   Delaware, formed on August 29, 2003            
  Member:   FirstCity Commercial Corporation         100 %
 
                    
  Name:   EuroTex Partners GP Corp.            
  Jursidiction:   Texas, incorporated on June 18, 2004            
  Ownership:   FirstCity Commercial Corporation   400 Shares     (100 %)
 
                    
C.   Limited Partnerships:
 
                    
  Name:   WAMCO III, Ltd.            
  Jurisdiction:   Texas            
  Partners:   WAMCO III of Texas, Inc.   General     2 %
      FirstCity Commercial Corporation   Class A Limited     49 %
 
                    
  Name:   WAMCO IX, Ltd.            
  Jurisdiction:   Texas            
  Partners:   WAMCO IX of Texas, Inc.   General     2 %
      FirstCity Commercial Corporation   Class A Limited     49 %
 
                    
  Name:   WAMCO XXII, Ltd.            
    Jurisdiction:   Texas, certificate filed on May 26, 1995
  Partners:   WAMCO XXII of Texas, Inc.   General     2 %
      FirstCity Commercial Corporation   Limited     49 %

Page 8

 

                     
  Name:   WAMCO XXIV, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 6, 1996
  Partners:   WAMCO XXIV of Texas, Inc.   General     2 %
      FirstCity Commercial Corporation   Limited     49 %
 
                    
  Name:   WAMCO XXV, Ltd.            
    Jurisdiction:   Texas, certificate filed on August 8, 1997
  Partners:   WAMCO XXV of Texas, Inc.   General     2 %
      FirstCity Commercial Corporation   Limited     49 %
 
                    
  Name:   WAMCO XXVI, Ltd.            
  Jurisdiction:   Texas, certificate filed on September 22, 1998            
  Partners:   WAMCO XXVI of Texas, Inc.   General     0.50 %
      FirstCity Commercial Corporation   Limited     49.75 %
 
                    
  Name:   WAMCO XXVII, Ltd.            
    Jurisdiction:   Texas, certificate filed on September 20, 1999
  Partners:   WAMCO XXVII of Texas, Inc.   General     2.0 %
      FirstCity Holdings Corporation   Limited     4.0 %
 
                    
  Name:   WAMCO XXVIII, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 14, 2000
  Partners:   WAMCO XXVIII of Texas, Inc.   General     1.0 %
      FirstCity Holdings Corporation   Limited     49.50 %
 
                    
  Name:   WAMCO XXX, Ltd.            
    Jurisdiction:   Texas, certificate filed on January 5, 2001
  Partners:   WAMCO XXX of Texas, Inc.   General     1.0 %
      FirstCity Holdings Corporation   Limited     49.50 %
 
                    
  Name:   WAMCO 31, Ltd.            
    Jurisdiction:   Texas, certificate filed on February 20, 2003
  Partners:   WAMCO 31 of Texas, Inc.   General     1.0 %
      FirstCity Holdings Corporation   Limited     49.50 %
 
                    
  Name:   WAMCO 32, Ltd.            
    Jurisdiction:   Texas, certificate filed on October 8, 2003
  Partners:   WAMCO 32 of Texas, Inc.   General     1.0 %
      FirstCity Holdings Corporation   Limited     49.50 %
 
                    
  Name:   WAMCO 33, Ltd.            
    Jurisdiction:   Texas, certificate filed on November 20, 2003
  Partners:   WAMCO 33 of Texas, Inc.   General     1.0 %
      FirstCity Holdings Corporation   Limited     49.50 %
 
                    
  Name:   FH Partners, L.P.            
    Jurisdiction:   Texas, certificate filed on December 17, 1996
  Partners:   FH Asset Corp.   General     2 %
      FirstCity Commercial Corporation   Limited     98 %
 
                    
  Name:   First C Partners, L.P.            
    Jurisdiction:   Texas, certificate filed on March 6, 1998
  Partners:   First C Corp.   General     2 %
      FirstCity Commercial Corporation   Limited     98 %

Page 9

 

                     
  Name:   First X Realty, L.P.            
    Jurisdiction:   Texas, certificate filed on October 3, 1996
  Partners:   First X Corp.   General     2 %
      FirstCity Commercial Corporation   Limited     98 %
 
                    
  Name:   First B Realty, L.P.            
    Jurisdiction:   Texas, certificate filed on October 10, 1997
  Partners:   First B Corp.   General     1 %
      FirstCity Commercial Corporation   Limited     49 %
 
                    
  Name:   SVD Realty, L.P.            
    Jurisdiction:   Texas, certificate filed on June 6, 1997
  Partners:   SVD Realty Asset Corp.   General     2 %
      FirstCity Commercial Corporation   Limited     98 %
 
                    
  Name:   FC Properties, Ltd.            
    Jurisdiction:   Texas, certificate filed on February 27, 1998
  Partners:   FC Assets Corp.   General     0.50 %
      FirstCity Commercial Corporation   Limited     14.50 %
 
                    
    Name:   Diversified Financial Systems, L.P.
    Jurisdiction:   Texas, certificate filed on April 19, 1999
  Partners:   DFC Asset Corp.   General     1.0 %
      FirstCity Commercial Corporation   Limited     99.0 %
 
                    
  Name:   FCS Wood, Ltd.            
    Jurisdiction:   Texas, certificate filed on September 15, 1998
  Partners:   FCS Wood GP Corp.   General     0.50 %
      FirstCity Holdings Corporation   Limited     49.75 %
 
                    
  Name:   FCS Creamer, Ltd.            
    Jurisdiction:   Texas, certificate filed on April 28, 1999
  Partners:   FCS Creamer GP, Corp.   General     0.50 %
      FirstCity Holdings Corporation   Limited     49.75 %
 
                    
  Name:   FCS Wildhorse, Ltd.            
    Jurisdiction:   Texas, certificate filed on June 14, 1999
  Partners:   FCS Wildhorse GP, Corp.   General     0.50 %
      FirstCity Holdings Corporation   Limited     49.75 %
 
                    
  Name:   FCS Fischer, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 13, 2000
  Partners:   FCS Fischer GP, Corp.   General     0.90 %
      FirstCity Holdings Corporation   Limited     24.70 %
 
                    
  Name:   MCSFC, Ltd.            
    Jurisdiction:   Texas, certificate filed on September 11, 2000
  Partners:   MCSFC GP Corp.   General     0.50 %
      FirstCity Holdings Corporation   Limited     49.75 %
      MCS et Associes, S.A.   Limited     49.75 %
 
                    
  Name:   Imperial Partners, Ltd.            
    Jurisdiction:   Texas, certificate filed on October 4, 2000
  Partners:   Imperial Partners GP Corp.   General     0.50 %
      FirstCity Holdings Corporation   Limited     99.50 %

Page 10

 

                     
  Name:   MinnTex Investment Partners LP            
    Jurisdiction:   Texas, certificate filed on March 11, 2002
  Partners:   MinnTex GP Corp.   General     1.00 %
      FirstCity Holdings Corporation of Minnesota   Limited     33.00 %
 
                    
  Name:   FirstGreen LP            
  Jurisdiction:   Delaware, August 29, 2003            
  Partners:   FirstGreen GP LLC   General     1.0 %
      FirstCity Commercial Corporation   Limited     99.0 %
 
                    
  Name:   EuroTex Partners, Ltd.            
  Jurisdiction:   Texas, June 18, 2004            
  Partners:   EuroTex Partners GP Corp.   General     0.50 %
      FirstCity Commercial Corporation   Limited     99.50 %
 
                    
  Name:   FC Properties One, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 17, 1998
  Partners:   FC Assets One Corp.   General     0.50 %
      FC Properties, Ltd.   Limited     99.50 %
 
                    
  Name:   FC Properties Three, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 17, 1998
  Partners:   FC Assets Three Corp.   General     0.50 %
      FC Properties, Ltd.   Limited     99.50 %
 
                    
  Name:   FC Properties Four, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 17, 1998
  Partners:   FC Assets Four Corp.   General     0.50 %
      FC Properties, Ltd.   Limited     99.50 %
 
                    
  Name:   FC Properties Five, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 17, 1998
  Partners:   FC Assets Five Corp.   General     0.50 %
      FC Properties, Ltd.   Limited     99.50 %
 
                    
  Name:   FC Properties Six, Ltd.            
    Jurisdiction:   Texas, certificate filed on March 17, 1998
  Partners:   FC Assets Six Corp.   General     0.50 %
      FC Properties, Ltd.   Limited     99.50 %
 
                    
D.   Corporate General Partners of REO Affiliate Limited Partnerships:
 
                    
  Name:   SOWAMCO III of Texas, Inc.            
  Jurisdiction:   Texas            
  Ownership:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO V of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO VI of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %

Page 11

 

                     
  Name:   SOWAMCO VIII of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO IX of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XV of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XVII of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XVIII of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XX of Texas, Inc.            
  Jurisdiction:   Texas            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XXII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on May 26, 1995            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XXIV of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on December 15, 1993            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XXV of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on May 26, 1995            
  Shareholder:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   SOWAMCO XXVII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on January 18, 2000            
  Shareholder:   WAMCO XXVII, Ltd.   400 Shares     100 %
 
                    
  Name:   SOWAMCO XXVIII of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on March 24, 2000            
  Shareholder:   WAMCO XXVIII, Ltd.   400 Shares     100 %
 
                    
  Name:   SOWAMCO XXIX of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on December 11, 2000            
  Shareholders:   WAMCO XXVII, Ltd.   400 Shares     100 %
 
                    
  Name:   SOWAMCO XXX of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on May 30, 2002            
  Shareholders:   WAMCO XXX, Ltd.   400 Shares     100 %

Page 12

 

                     
  Name:   SOWAMCO 31 of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on August 20, 2003            
  Shareholders:   WAMCO 31, Ltd.   400 Shares     100 %
 
                    
  Name:   SOWAMCO 33 of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on December 10, 2003            
  Shareholders:   WAMCO 33, Ltd.   400 Shares     100 %
 
                    
  Name:   FH Properties of Texas, Inc.            
  Jurisdiction:   Texas, incorporated on November 19, 1997            
  Shareholders:   FirstCity Commercial Corporation   200 Shares     50 %
    Consolidated Subsidiary:   No
 
                    
  Name:   Paloma Asset Corp.            
  Jurisdiction:   Texas, incorporated on November 26, 1996            
  Shareholders:   FirstCity Commercial Corporation   200 Shares     50 %
 
                    
  Name:   MCSFC Realty GP Corp.            
  Jurisdiction:   Texas, incorporated on September 19, 2000            
  Shareholders:   MCSFC, Ltd.   1,000 Shares     100 %
    Consolidated Subsidiary:   No
 
                    
  Name:   WH Realty GP Corp.            
  Jurisdiction:   Texas, incorporated on June 20, 2001            
  Shareholders:   FCS Wildhorse, Ltd.   1,000 Shares     100 %
 
                    
E.   REO Affiliate Limited Partnerships:
 
                    
  Name:   SOWAMCO III, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO III of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO V, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO V of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO VI, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO VI of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO VIII, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO VIII of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO IX, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO IX of Texas, Inc.   General     2 %
      WAMCO IX, Ltd.   Limited     98 %

Page 13

 

                     
  Name:   SOWAMCO XV, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO XV of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XVII, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO XVII of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XVIII, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO XVIII of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XX, Ltd.            
  Jurisdiction:   Texas            
  Partners:   SOWAMCO XX of Texas, Inc.   General     2 %
      WAMCO III, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XXII, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on May 26, 1995
  Partners:   SOWAMCO XXII of Texas, Inc.   General     2 %
      WAMCO XXII, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XXIV, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on December 15, 1993
  Partners:   SOWAMCO XXIV of Texas, Inc.   General     2 %
      WAMCO IX, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XXV, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on May 26, 1995
  Partners:   SOWAMCO XXV of Texas, Inc.   General     2 %
      WAMCO XXV, Ltd.   Limited     98 %
 
                    
  Name:   SOWAMCO XXVII, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on January 18, 2000
  Partners:   SOWAMCO XXVII of Texas, Inc.   General     1 %
      WAMCO XXVII, Ltd.   Limited     99 %
 
                    
  Name:   SOWAMCO XXVIII, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on March 24, 2000
  Partners:   SOWAMCO XXVIII of Texas, Inc.   General     1 %
      WAMCO XXVIII, Ltd.   Limited     99 %
 
                    
  Name:   SOWAMCO XXIX, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on December 11, 2000
  Partners:   SOWAMCO XXIX of Texas, Inc.   General     1 %
      WAMCO XXVII, Ltd.   Limited     99 %
 
                    
  Name:   SOWAMCO XXX, Ltd.            
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on May 30, 2002
  Partners:   SOWAMCO XXX of Texas, Inc.   General     1 %
      WAMCO XXX, Ltd.   Limited     99 %

Page 14

 

             
  Name:   SOWAMCO 31, Ltd.    
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on August 20, 2003
  Partners:   SOWAMCO 31 of Texas, Inc. General   1%
      WAMCO 31, Ltd. Limited 99%
 
            
  Name:   SOWAMCO 33, Ltd.    
    Jurisdiction:   Texas, filed Certificate of Limited Partnership on December 10, 2003
  Partners:   SOWAMCO 33 of Texas, Inc. General   1%
      WAMCO 33, Ltd. Limited 99%
 
            
  Name:   FH Properties, L.P.    
    Jurisdiction:   Texas, certificate filed on November 19, 1997
  Partners:   FH Properties of Texas, Inc. General   2%
      FH Partners, L.P. Limited 98%
 
            
  Name:   Paloma Realty, Ltd.    
    Jurisdiction:   Texas, certificate filed on November 26, 1996
  Partners:   Paloma Asset Corp. General   2%
      First Paradee, Ltd. Limited 98%
 
            
  Name:   MCSFC Realty, Ltd.    
    Jurisdiction:   Texas, certificate filed on September 19, 2000
  Partners:   MCSFC Realty GP corp. General    0.5%
      MCSFC, Ltd. Limited 99.5%
 
            
  Name:   WH Realty, Ltd.    
    Jurisdiction:   Texas, certificate filed on June 20, 2001
  Partners:   WH Realty GP corp. General    0.5%
      FCS Wildhorse, Ltd. Limited 99.5%

3.   FirstCity Consumer Lending Corporation. The following corporations,limited partnerships,limited liability companies and other entities are entities in which FirstCity Consumer Lending Corporation or its subsidiaries own an equity interest.

             
A.
  Corporations:        
 
            
  Name:   SL Funding Corporation    
    Jurisdiction:   Texas, incorporated on October 16, 1996
    Shareholder:   FirstCity Consumer Lending Corporation 1,000 Shares (100%)
 
            
  Name:   ETAFirst Funding Corporation    
    Jurisdiction:   Texas, incorporated on July 17, 1996
  Shareholders:   SL Funding Corporation 1,000 Shares (100%)
 
            
B.   Limited Liability Company:
 
            
  Name:   FirstCity Auto Receivables, L.L.C.    
    Jurisdiction:   Texas, incorporated on April 30, 1998
  Members:   FirstCity Consumer Lending Corporation Floating Variable  
      FirstCity Consumer Finance Corporation    

Page 15

 

4.   FirstCity Servicing Corporation. The following corporations, limited partnerships, limited liability companies and other entities are entities in which FirstCity Servicing Corporation owns an equity interest.

                 
A.
  Corporations:            
 
                
  Name:   Asset Servicing de Mexico S.A. de C.V.        
  Jurisdiction:   Mexico, incorporated December 2, 1998        
  Shareholders:   FirstCity Servicing Corporation   99 Shares   (99%)
      FirstCity Financial Corporation   1 Share   (1%)
 
                
  Name:   Compagnie Transatlantique de Portefeuilles        
  Jurisdiction:   France, Societe Par Actions Simplifiee, July 22, 1997        
      FirstCity Servicing Corporation   5,000 Shares   (33%)
 
                
  Name:   MCS et Associés, S.A.        
  Jurisdiction:   France, Societe Anonyme        
  Shareholder:   FirstCity Servicing Corporation   121,150 Shares   (11.89%)
 
                
  Name:   FirstCity Servicing Corporation of California        
      (formerly and d/b/a Milco Loan Servicing Corporation)        
  Jurisdiction:   California, incorporated on January 3, 1991        
  Shareholder:   FirstCity Servicing Corporation   199 Shares   (100%)
 
                
  Name:   FirstCity do Brasil Ltda.        
  Jurisdiction:   Brasil; July 23, 2001        
  Shareholders:   FirstCity Servicing Corporation   999 Quotas   (100%)
      FirstCity Holdings Corporation   1 Quotas    
 
                
  Name:   FirstCity Argentina, S.A.        
  Jurisdiction:   Argentina; May 21, 2004        
  Shareholder:   FirstCity Servicing Corporation       (95%)
 
                
  Name:   FirstCity Recovery, S.A.        
  Jurisdiction:   Argentina        
  Shareholder:   FirstCity Argentina, S.A.       (50%)
 
                
  Name:   Servicios Efectivos de Recuperaction, S.A. de C.V.        
  Jurisdiction:   Mexico; November 16, 2001        
  Shareholders:   Asset Servicing de Mexico S.A. de C.V.   49,999 Shares   (100%)
      FirstCity Servicing Corporation   1 Share    
 
                
  Name:   FirstCity Servicing Corporation of Minnesota        
  Jursidiction:   Texas, incorporated on March 11, 2002        
  Shareholder:   FirstCity Servicing Corporation   400 Shares   (100%)
 
                
  Name:   FirstCity Consumer Servicing Corporation        
  Jurisdiction:   Texas, incorporated August 2, 2003        
  Shareholder:   FirstCity Servicing Corporation   400 Shares   (100%)

Page 16

 

5.   FC Capital Corp. (dba FirstCity Capital Corporation). The following corporations, limited partnerships, limited liability companies and other entities are entities in which FC Capital Corp. and its affiliates own an equity interest.

                     
  Name:   FirstCity Capital Home Equity Funding Corp.            
  Jurisdiction:   Delaware, incorporated on June 25, 1998            
  Shareholder:   FC Capital Corp.   1,000 Shares     (100 %)
  *Discontinued Operation                
 
                    
  Name:   Valhalla Holdings Corp.            
  Jurisdiction:   Delaware, incorporated on June 25, 1998            
  Shareholder:   FC Capital Corp.   1,000 Shares     (100 %)
    *Discontinued Operation                

Page 17