The turmoil of the secondary mortgage market is well known.  Lenders are closing their doors in record numbers and high profile headlines include the Bear Stearns bailout, failure of Washington Mutual, the New Century Bankruptcy, the sub-prime crisis, bursting of the real estate bubble and a general lack of liquidity in the markets.  

    This has driven discount rates for non-performing notes and defaulted paper to record levels. Herein lies one the greatest opportunities of the decade because the non-performing note is discounted disproportionately to the real estate secured by the note.  Furthermore, traditional bankers and lenders lack the resources and expertise to effectively liquidate large volumes of real estate. Whereas moving real estate fast is the essence of the expertise for the principals of the general partner of the Fund CLD Asset Management, LLC, Bert Cox, Kevin Lacasse, and Richard Dale-Maseros.  Their combined 40 plus years experience encompasses tens of millions of dollars in transactions and millions of dollars in present real estate holdings. Expertise and strategies include auctioning, renovation, eviction, property preservation, staging and all with a focus toward distressed property and distressed sellers.  

    The general partners have an extensive network of over 700 investors looking to purchase distressed property and hold board positions on the New Hampshire Real Estate Investors Association and Boston Area Real Estate Investors Association as well as real estate and/or auction licenses in NH and MA.  The fund will capitalize on the proven special expertise of the general partners for the benefit of the fund.  The general managing partner, CLD Asset Management, LLC, is compensated in direct proportion to the success of the fund.