Performance Report: As of 3/31/14 : First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 67 Gross loan portfolio dollars: $16,928,981 (91.98% in 1st and 8.02% in 2nd position) Average loan-to-value: 48.12%* Average loan amount: $252,671 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 22
Stonecrest Income & Opportunity Fund-1 is continuing to market various segments of our loan portfolio, as evidenced by a recent transaction where we sold both land contract and modified loan pools to the same buyer. One of our sales strategies for SIOF is to group the fund’s assets so that they share similar profiles, such
The Stonecrest Income & Opportunity Fund-1 marketed part of our land contract inventory and received three bids from qualified bidders. At the very end of December, we closed the first tranche (eighty-five) of a trade with a firm from Texas. We expect to close a second tranche with them shortly. We will be marketing, cleaning
Performance Report: As of 12/31/13: Fourth quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 59 Gross loan portfolio dollars: $15,176,351 (96.9% in 1st and 3.1% in 2nd position) Average loan-to-value: 48.25%* Average loan amount: $257,226 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located in an
Performance Report: as of 9/30/13 Third quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 46 Gross loan portfolio dollars: $11,029,203 (100% in 1st and 0% in 2nd position) Average loan-to-value: 46.68%* Average loan amount: $239,765 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is a multi- tenant
The Stonecrest Income & Opportunity Fund-1 had another solid quarter with profits derived mainly from our retail real estate and non-performing notes sales. We continue to create our own real estate inventory by either foreclosing or convincing borrowers to deed their properties over to us in lieu of foreclosure. One of the most challenging parts
Performance Report: as of 6/30/13 Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 40 Gross loan portfolio dollars: $10,243,972 (100% in 1st and 0% in 2nd position) Average loan-to-value: 44.94%* Average loan amount: $271,435 *calculated when loans are initially funded Featured Asset: Our featured property this month is a medical office
We’ve experienced a very solid second quarter with the asset managers making progress on the non-performing loans they are working out with borrowers. We purchased a handful of smaller pools of non-performing notes in the second quarter and have recently bid on a few larger packages. Even the most difficult loans have returned dividends so
Performance Report: as of 3/31/13 First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 25 Gross loan portfolio dollars: $7,743,025 (100% in 1st and 0% in 2nd position) Average loan-to-value: 38.64%* Average loan amount: $309,721 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is a Victorian style,
The real estate market continues to improve in most parts of the country with the Bay Area being one of the brighter markets. Stonecrest has been working to improve the positioning of our land contracts for their eventual sale next year. The increasing values across the country will help us attain a solid price for
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