Participación de Faction Capital Assists en la compra de mas de $500 millones en prestamos "morosos"

NEWS

Faction Capital Assists in Acquisitions of over $500 Million Dollars in Distressed Loans


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."

Source: http://www.factioncapital.com/index.php/news