Chicago, IL, June 08, 2017 --(PR.com
)-- American Homeowner Preservation 2015A+ LLC
(“AHP”) announced today the acquisition of 799 non-performing mortgages on June 7, 2017. AHP paid $2,875,000 for $43,822,832 in total debt from the 3 Star Properties, LLC bankruptcy
. The mortgages are on properties located in 39 states plus Puerto Rico, with the largest concentration – 184 assets – in Ohio. 159 investors crowdfunded the acquisition at ahpfund.com
, which accepts minimum investments of $100.
AHP utilizes Regulation A+ to raise funds from both accredited and non-accredited investors. Investments fuel the purchase of distressed mortgages from lenders including banks and hedge funds. By taking control of the mortgages, AHP can craft viable solutions to keep families in their homes with favorable terms. “We bought the 799 at 7% of the outstanding debt. By sharing the discounts, we’re able to generate transformative solutions for homeowners and returns for investors,” said AHP’s Founder and CEO Jorge Newbery. In 2016, AHP achieved a 39.71% return and paid 12% to investors
If a home is vacant or the family does not want to stay, AHP offers incentives to homeowners to cooperate with deeds in lieu of foreclosure or short sales. “Vacant homes often blight neighborhoods. When we break the gridlock and get a vacant home back into service, that can be a big step forward for a community,” Newbery said. “Some of these homes have been vacant for years.”
AHP is currently crowdfunding to acquire additional mortgages. Interested investors can review the offering at ahpfund.com
. The Offering Statement and other filings are also available on the Security and Exchange Commission’s Edgar website
. “We look forward to keeping more and more struggling families in their homes with realistic long-term solutions, while providing our investors the ability to earn returns in a socially responsible manner,” AHP Chief Operating Officer Verria Kelly added.
American Homeowner Preservation can be contacted at (800) 555-1055 or at ahpfund.com