Community Redevelopment announced the launch of its Performing and Non-Performing Note Management Program. CRI FourOne Ventures LLC, which is majority owned by Community Redevelopment will purchase performing and non-performing residential and commercial mortgage notes and engage in negotiations and workouts with the mortgage holders. The Performing and Non-Performing Note Management Program complements Community Redevelopment’s existing real estate development and brokerage plans. CRI FourOne Ventures LLC intends to purchase mortgage notes at a discount from the remaining debt owed on the mortgage note and provide the workout of these assets. CRI FourOne Ventures LLC will focus primarily on real estate obligations secured by a mortgage and a promissory note, which are held by financial institutions and institutional funds. These deep discounts will be the first step in creating the overall profit margins. CRI FourOne Ventures LLC will provide numerous strategies to get these assets reperforming, or proceed with foreclosure when there are no other options to liquidate the asset at a profit. CRI FourOne Ventures LLC will maintain strong relationships with industry leaders in a variety of fields to purchase note portfolios at deeply discounted rates. Ultimately, as financial institutions sell distressed notes, this provides an opportunity to invest in real estate without having to actually manage the property secured by the debt.