PR Newswire: USDV anuncia nuevas compras de préstamos "morosos"

US Debt Ventures Announces New Distressed Loan Portfolio Purchases FORT LAUDERDALE, Fla., Aug. 15, 2011/PRNewswire-iReach/ -- US Debt Ventures, a Fort Lauderdale, Florida- based private equity firm, today announced two portfolio purchases over the past 30 days totaling approximately $12MM, acquiring 171 distressed loans.  The first acquisition is comprised of first lien non-performing loans and REO's and was bought from a national banking institution with Florida-based underlying collateral. The average unpaid principal balance in this portfolio is $266,000.  The second, more recent investment was in a second lien performing loan portfolio from a national banking institution with collateral assets located throughout the United States. Kwame Jackson, President of US Debt Ventures stated, "Our purpose is clear- we intend to maximize returns by pursuing the best risk-adjusted work-out strategy on a loan by loan basis on behalf of our investors.  We have a growing number of sophisticated tools, third party data sources, and internal feedback loops that aid in our strategy optimization and execution efforts."

PR Newswire: USDV anuncia compra de $28MM en préstamos "morosos"

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. Todd Billings, CEO of US Debt Ventures stated, "With our in-house analytics and sophisticated management tools, US Debt Ventures fuels its growth through disciplined, quality portfolio acquisitions and creative workout arrangements.  We have focused our investments on debt portfolios which we believe are priced well below par and are perhaps being managed inefficiently, so that the purchase provides a unique opportunity for returns to our investors." US Debt Ventures purchases bulk mortgage portfolios from most the major U.S. financial institutions, as well as many loan servicers and various other owners of distressed loan and REO portfolios.  So far in 2011, the US Debt Ventures group has purchased more than 7,000 distressed loans through multiple acquisitions. About US Debt Ventures: US 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 loan and REO acquisitions and is an active player in the distressed debt market. For more information please contact 800.716.2370 or visit www.usdebtventures.com Media Contact: Joanne Polin Profile Marketing & Public Relations, 561-350-8784, jpolin@profilemarkpr.com SOURCE US Debt Ventures

Find this article at:  http://www.prnewswire.com/news-releases/us-debt-ventures-announces-28mm-non-performing-loan-portfolio-purchase-124422188.html

SFL Biz Journals: USDV atrapa préstamos problemáticos

U.S. Debt Ventures snaps up problem loans

Premium content from South Florida Business Journal by Brian Bandell

Date: Friday, April 29, 2011, 6:00am EDT

Todd Billings and Jamie Zambrana have gone from being wealth advisers to controlling delinquent mortgages for thousands of homeowners.


Billings and Zambrana, who met 15 years ago when they were Nasdaq traders on Wall Street, now run Veriloquent Wealth Advisors and U.S. Debt Ventures in Coral Springs. The latter company recently purchased $500 million in nonperforming residential mortgages from a major bank at a significant discount. Billings said he plans to work with borrowers, even discounting principal, to keep them in their homes when it makes sense.

“If I know it would make more sense to keep you in the house, paying a mortgage you can afford, versus going in foreclosure and having you rip out the electronics and appliances, I would work out the loan,” Billings said.

So, how did a new company with 11 employees acquire such a large portfolio? Billings said it started at the Fort Lauderdale office of U.S. Trust, where he was a wealth adviser working with many high-net-worth families. In November 2008, he and Zambrana formed Veriloquent – and took many of his clients with him.

DS News: USDV adquiere $500 millones en prestamos "morosos"

US Debt Ventures Acquires $500M Non-Performing Loan Pool

By: Heather Hill Cernoch 04/20/2011

US Debt Ventures, a Florida-based private equity firm, recently purchased a pool of non-performing mortgages valued at $500 million from a large financial institution.


Consisting of approximately 7,000 first, second, and third liens from across the nation, the purchase is part of the company’s strategy to acquire and work out large portfolios of distressed mortgages.

“US Debt Ventures’ primary focus is to optimize returns for investors while helping borrowers to clean up their negative credit situation through realistic yet creative solutions,” said Todd Billings, the company’s CEO.

He continued, “We have taken on the role of a dedicated and stable mortgage solutions provider in today’s volatile real estate market. As a private equity firm with strong financial backing, we can fill the capital void needed in today’s distressed marketplace.”

According to Jamie Zambrana, US Debt Ventures’ director of acquisitions and analytics, the purchase is a precursor for more bulk buys in 2011 and 2012.

“Our in-house analyses and underwriting capabilities as an experienced distressed debt buyer will lead us to successfully deploying several hundred million dollars in the next few years,” Zambrana said.

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