CV Holdings, Inc. announced that it has received $0.54 million in funding
October 15, 2014
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CV Holdings, Inc. (OTCPK:CVHL) announced that it will raise $15,041,900 in a round of funding on October 6, 2014. The company will issue common stock and option, warrant or other right to acquire another security pursuant to exemption provided under Regulation D.
On October 16, 2014, CV Holdings, Inc. (OTCPK:CVHL) closed the transaction. The company has received $541,900 in funding from six investors.
CV Holdings, Inc. is a holding company for several finance-related businesses. The Company, through its subsidiaries, holds various types of investment assets, including loans receivable, finance leases and commercial Collateralized Debt Obligations (CDO) interests. The Company owns and operates a commercial real estate lending business through CV Capital Funding, LLC (CVCF); small ticket finance and leasing business through Centra Funding, LLC (Centra); a venture equipment finance and leasing business through VenSource Management, LLC (VenSource); and a residential nonperforming loan (NPL) servicer and asset manager through LongVue Mortgage Capital, Inc. (LongVue). The various operating businesses are owned by the Companyâs taxable real estate investment trust (REIT) subsidiary, RFC TRS, Inc. (TRS), while the portfolio investments are held through other subsidiaries outside TRS. The Companyâs primary businesses include CVCF, Centra and VenSource.