US Debt Ventures said on Monday that it has received a $100 million revolving credit facility from a major financial institution that has not been identified. The credit facility will help US Debt Ventures to expand its non-performing loan and REO disposition model. US Debt Ventures is a private-equity firm based in Fort Lauderdale, Florida.
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–US Debt Ventures, a private equity firm that has acquired over $750MM in non-performing loans to date, today announced that it has secured a $100 million revolving credit facility from a major financial institution. The facility gives US Debt Ventures increased capacity to further expand its successful non-performing loan and REO disposition model. The firm expects to surpass $1 billion in total portfolio purchases in 2013 and following the close on this financing facility, US Debt Ventures plans to deploy committed capital through national non-performing loan and REO portfolio acquisitions.
Todd Billings, CEO of US Debt Ventures recently stated, “We are pleased with the successful completion of securing this credit facility. This financing represents a significant milestone for US Debt Ventures. Securing this line of credit gives us the flexibility to acquire additional assets in a highly attractive environment. The securing of attractive debt financing also validates our success as an owner and manager of distressed mortgage and REO assets. This level of commitment from a large financial institution represents a vote of confidence in our performance and the strength of our company.”
With the real estate market on the rise and an influx of international dollars, the firm’s focus has remained the same. CEO, Todd Billings and the USDV team of professionals maximize returns by pursuing the best risk-adjusted work-out strategy on a loan by loan basis on behalf of their investors, while helping borrowers to clean up their negative credit through realistic, yet creative solutions. “USDV’s strategy is to continue to be a leading manager within this specialized market,” stated Billings.
ABOUT U.S. DEBT VENTURES
U.S. Debt Ventures is a private-equity firm based out of Fort Lauderdale, Florida led by Todd Billings and sponsored by a group of high net worth investors. The company focuses on acquisitions of distressed whole loans and real estate. For more information, please contact 800.716.2370 or visit www.usdebtventures.com.