FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--U.S. Debt Ventures (USDV), a Fort Lauderdale private equity firm, continues its growth and expansion with the recent purchase of a $53.5 million unpaid principal balance, portfolio of non-performing mortgages. This acquisition of first lien residential non-performing loans is national in scope and positions USDV as one of the leading buyers of distressed loans in the Southeast US. With nearly $764MM of loan balance purchases to date, the firm expects to surpass $1 billion in total portfolio purchases in 2013.
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 an active buyer within this specialized market" stated Todd Billings, CEO of U.S. Debt Ventures.
The company continues its rapid growth with the opening of a West Coast office in Santa Monica, California and the appointment of several key professional staff to its team.
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.