Independent Film Development Corporation announced that it has created a limited liability company (LLC) designed to house a fund in order to facilitate the purchase of real estate for development. The purpose of the LLC is to finance investment properties -- residential and commercial -- where IFLM management and advisors have identified a niche. IFLM actively seeks distressed and below market properties that are outside the scope of the major developers and /or cash strapped operators.

IFLM target properties may be below market for reasons ranging from creditor pressure and poor management to a lack of cash to manage properties; however, the geographic focus is domestic and in regions with high growth potential.