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Prime Meridian NPL, LLC Posts Its May 2024 Returns
Prime Meridian NPL, LLC ("NPL") seeks to maximize returns by purchasing, at a discount, and managing nonperforming residential mortgages. The current forecast is 10%-13%+ annualized returns, net of fees and expenses. The manager pursues several work-out strategies including litigation, foreclosure, and negotiated settlements. All loans are reported at Fair Value (DCF/ASC 820) independent 3rd party valuation agent on a monthly basis.