The fund's goal is to "take advantage of the current creditdislocation and achieve above average returns for itself byacquiring existing performing real estate assets at a discount."The acquisition parameters of CSV Capital are as follows: thepurchase of loans ranging in amounts from $25 to $50 million perindividual transaction, and up to $150 million per transaction forlarge portfolios; all asset types--except hotels will only beconsidered if included in a portfolio of diverse assets--65% to 85%market adjusted loan-to-value for last dollar invested; and mostlyfloating rate loans but will consider purchasing fixed-rate loanswith maturities no greater than 10 years

CSV Capital intends to continue purchasing discounted mezzanineloans, B-Notes, participation interests, mortgage and mezzaninewhole loans and preferred equity interests in performing assetssecured by real estate located in major markets across thecountry.

According to a prepared company statement, "CSV Capital has acompetitive advantage over other 'vulture' distressed andopportunistic funds currently in the market due to its lower costof capital and its affiliation with a major insurance company. CSVCapital's lower cost of capital will enable it to purchase assetsat a lower yield than its competitors while still being able toachieve its targeted returns."