The Partnerships overall strategy is to purchase performing notes secured by real property throughout the United States from Lender. The Partnership will immediately commence collection of mortgage payments from borrowers through the services of a licensed servicer, the Lender. It is the Partnershipâs intent to primarily purchase performing notes. However, in certain market conditions, it may be to the benefit of the Partnership to purchase non-performing notes. In this event, the Partnership will either foreclose on the underlying property or work with the borrower to achieve re-performance on the note, of which there can be no assurance. If the Partnership elects to foreclose, they may then sell the underlying Property outright to an investor or homebuyer or elect to renovate the property and sell it with a target turnaround time of one to two years or hold the property and rent it out to a tenant for the life of the Partnership. The Partnership will be owned by the General Partner and Limited Partners which may include, but is not limited to: individuals, individual retirement accounts, banks and other financial institutions, endowments, and pension funds.
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