Virtua Partners Completes Fixed Income Investment
Investors Receive 16.7% Yield
PHOENIX, Feb. 9, 2018 /PRNewswire/ -- Virtua Partners has successfully recapitalized a Phoenix area land development project with the debt investors receiving a net 16.7% internal rate of return. Virtua syndicated the senior debt to individual investors in November of 2016, when it purchased the property. The senior debt was secured by a first trust deed and underwritten at a 50% loan to value. The investors received monthly payments at 15% interest with an additional exit fee when the project was refinanced.
"We're delighted to complete the investment cycle and see our investors get a strong return," said Derek Uldricks, President of Virtua Capital Management. "High yielding cash flow investments are an important part of a diversified investment portfolio. If properly underwritten to minimize risk, these investments can reduce volatility, produce steady returns, and boost yields."
About Virtua Partners:
Virtua Partners is a private equity firm specializing in commercial real estate. Virtua sponsors a variety of funds and commercial real estate projects across the country. Investment products include fixed income, growth to income, growth, and aggressive growth. Through its affiliates, Virtua provides debt and equity origination, asset and property management, workout consulting, development, and fund management.
Please visit http://www.virtuapartners.com to learn more about our investor services.
Media contact:
Derek Uldricks
619.764.9633
SOURCE Virtua Partners
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