IBS, N.A. Commences $350MM Distressed Real Estate Fund
FORT LAUDERDALE, Fla., Feb. 13, 2013 /PRNewswire/ -- Fort Lauderdale-based private equity firm IBS Investment Bank a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced the commencement of their $350MM open-ended IBS Debt Ventures Fund, IV.
Backed by seven major institutional investors, the real estate fund was formed to assemble a portfolio of "opportunistic" investment funds focusing on investments in real property interests. Identical to its predecessors, the portfolio will consist primarily of debt and equity interests in distressed commercial property, commercial mortgages, commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies on a global basis, with a primary focus on providing bridge financing in the U.S.
IBS, N.A. structured a program that overcomes collateral and delinquency issues allowing investors to ascertain capital for discounted payoff opportunities, chapter 11 reorganizations and the acquisition of distressed property. "We think we have a unique business model. We have built a dedicated boutique platform which is backed by resources that are highly respected in the marketplace," IBS, N.A. CORP Chairman and Chief Executive Officer Jason H. Jackson told reporters.
About IBS, N.A.
Institutional Banking Services, N.A. CORP (IBS, NA) is a privately held corporate banking firm dedicated to providing corporate finance, cash management, human capital resources, insurance and consulting options. In addition to numerous internal divisions has 4 ancillary sectors:
IBS Insurance Associates: A licensed FL Insurance Agency which provides P&C, General Liability, Builder's Risk and other forms of Commercial Lines Insurance
IBS Realty Group: A Licensed FL Real Estate Brokerage focused on Commercial and Luxury Real Estate Transactions
American Resolutions, LLC: American Resolutions, LLC (American Resolutions) is the faith based accounts receivable management and consumer advocacy subsidiary of Institutional Banking Services, N.A. CORP. American Resolutions provides businesses options for liquidating delinquent consumer receivables. Additionally, via its Institute of Consumer Credit Management division the company offers professionals the renowned Consumer Credit Professional CCP® designation.
IBS Investment Bank: a faith-based private investment firm based in Fort Lauderdale, FL that specializes in direct investments in small to middle market businesses with annual sales of $5 million to $300 million.
For more information, call 954-889-5827 or visit www.myinstitutionalbanking.com or www.ibsinvestmentbank.com
SOURCE IBS Investment Bank
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