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Darren Wisniewski's Blog

By Darren Wisniewski | Real Estate Pro in Boston, MA

US Debt Ventures Announces $28MM Non-Performing Loan Portfolio Purchase

FORT LAUDERDALE, Fla., June 23, 2011 /PRNewswire-iReach/ -- US Debt Ventures, a Fort Lauderdale, Florida- based private equity firm, today announced the purchase of a $28MM residential first lien loan portfolio from a regional financial institution.  The portfolio purchase, which includes 87 loans with collateral property located throughout the state of Florida , represents the inception of US Debt Ventures Fund, L.P.  The average unpaid mortgage balance is approximately $325,000.
Full release:
http://www.prnewswire.com/news-releases/us-debt-ventures-announces-28mm-non-performing-loan-portfolio-purchase-124422188.html

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