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Prime Meridian NPL, LLC Posts Its February 2024 Returns
Prime Meridian NPL, LLC ("NPL") seeks to maximize returns by purchasing, at a discount, and managing nonperforming loans in the form of notes secured by residential real estate, primarily in judicial foreclosure states. The forecast is a 10%+ annualized return, net of fees and expenses. The manager pursues several work-out strategies including litigation, foreclosure, and negotiated settlements. All loans are valued by an independent 3rd party agent on a monthly basis.