Miami, Florida – Friday, September 16, 2011 – Faction Capital, LLC,
www.factioncapital.com, announced the second closing of a distressed loan portfolio with a major national lender and its client US Debt Ventures in the past 6 months. On the first transaction, Faction Capital acted as consultant and introducing party for US Debt Ventures in its purchase of a pool of 7000 residential non-performing mortgages with a balance of $500MM from a large financial institution.
In August, Faction Capital assisted US Debt Ventures in sourcing another sizeable portfolio purchase. In addition to sourcing the loan portfolios, Faction Capital’s team of Logan Breen, James Daly, IV and Aaron Resnick assisted US Debt Ventures in obtaining servicing for a portion of the loan portfolios that were purchased.
Logan Breen, Managing Director of Faction Capital, commented «[o]ur experienced consulting team, relationships and background helped us add value to our clients’ investment strategies. We are proud of our working relationship with US Debt Ventures and hope to assist it in many more distressed opportunities in the future.» Aaron Resnick, a partner/principal at the firm and a South Florida attorney articulated that Faction Capital’s work in assisting its client in these loan portfolio opportunities demonstrated the «Faction Capital’s ability to help its clients obtain unique off market distressed opportunities both statewide and nationally.»
Faction Capital is a distressed asset and real estate consulting firm. Headquartered in Miami, Florida, Faction Capital has centers of operation in major metropolitan areas for access to local, regional and national real estate markets. Faction Capital works with some of the Country’s most prominent real estate owners and developers from the private and public sectors, REITs and REOCs, leading financial institutions, foremost private equity funds, elite hedge funds, as well as insurance and pension funds. Faction Capital consults with clients and provides opportunities to obtain the highest level of access areas in the real estate market, including developer closeouts, bulk opportunities, distressed debt, equity partnerships, joint ventures, financing opportunities and unique and profitable turnkey real estate opportunities.
About US Debt Ventures:
US Debt Ventures is a private-equity firm based out of Fort Lauderdale, Florida led by its CEO, Todd Billings and sponsored by a group of high net worth investors. The company focuses on acquisitions of distressed whole loan and REO acquisitions and is an active player in the distressed debt market.
For more information contact on US Debt Ventures at 800.716.2370.
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