I would guess that the fund is targeting distressed notes of some kind and therefore is discounting the principal of the notes it targets as investments to deliver back a higher return than market interest.  

I have used hard money for distressed properties to purchase and rehab then refinanced at the 1 year mark.

I would like to venture into shortsales and distressed homes within Rochester.

I started marketing to distressed sellers and someone came to me who was set to go to Tax Deed. 

See the BP Drive for Dollars guide - linkOther investors also send to probate (inheritance) leads, code violations, evictions, pre-foreclosures, divorces, and many other public records that might indicate distressed owners.

I have experience in both distressed low value residential RE and student housing, and I'm excited to learn more.

Hmm, sounds like there may not be enough info.I'd be very surprised if any lender would allow a 94% L2V note, even on a distressed property.

To me a wholesaler should work distressed sellers if any body.  

The reason I asked is because I've spotted a distressed multifamily property and I just want to gain some knowledge on the market for something like that in Acworth.

However, I asked her about the distressed property situation in Santa Fe, and because this is not her area of expertise, she was unable to help me.