US Debt Ventures is a private equity firm based in Fort Lauderdale, Florida, and sponsored by a group of high net worth investors. The company focuses on acquisitions of distressed real estate, and provides an online platform for accredited investors to participate in crowdfunding.
Company type | Private equity firm |
---|---|
Industry | real estate |
Founder | Todd Billings |
Headquarters | Fort Lauderdale, Florida |
In 2013, the company was projected to surpass $1 billion in total portfolio purchases.[1]
History
editUSDV's founder, Todd Billings, started out running a small wealth management company, Veriloquent Wealth Advisors.[2] At the request of one of their investors, they began transitioning to the distressed real estate field in 2009. After putting $1 million into USDV and setting up a series of partnerships to purchase distressed real estate, Billings officially launched US Debt Ventures in 2010.
USDV currently offers a number of investment products, divided into four main asset classes: residential real estate, commercial real estate (CRE), performing loans, and strategy funds. Until Section III of the JOBS Act has been passed, the company is only targeting accredited investors.[3]
References
edit- ^ Polin, Joanne (10 April 2013). US Debt Ventures Announces $53.5 Million Acquisition, Businesswire. Retrieved 04 November 2014.
- ^ About Veriloquent, Veriloquent. Retrieved 04 November 2014.
- ^ SEC Crowdfunding FAQs, U.S. Securities and Exchange Commission. Retrieved 04 November 2014.
External links
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