by Erika Luitjens | Jan 29, 2021 | Fund News, SRF Quarterly Newsletter
With a lot of work and persistence, Stonecrest was able to liquidate all remaining properties and non-performing loans (NPL’s) in SRF’s portfolio. Due to Covid-19 restrictions on both state and national levels, we were barred from finalizing most of our in-process...
by Erika Luitjens | Jul 26, 2020 | Fund News, SRF Quarterly Newsletter
The Covid-19 pandemic is having an interesting effect on the real estate market. Mending from a sharp drop in activity, the real estate market has begun to heat up (since mid-May) as inventory remains low. This is a reflection of both the release of pent-up demand and...
by Erika Luitjens | Apr 18, 2020 | Fund News, SRF Quarterly Newsletter
First and foremost, we hope this update finds you and your loved ones healthy and safe. Stonecrest continues to work on liquidating SRF. With the current situation affecting the real estate and financial markets, it has been difficult to find exits for the portfolio’s...
by Erika Luitjens | Jan 15, 2020 | Fund News, SRF Quarterly Newsletter
We originally anticipated liquidating all of the assets in SRF by the end of 2019. Unfortunately, there are a number of larger assets that we could not sell yet; are caught up in the foreclosure/bankruptcy process or tied up in escrows that have yet to close. We are...
by Erika Luitjens | Oct 15, 2019 | Fund News, SRF Quarterly Newsletter
Stonecrest has been actively marketing and selling Strategic Realty Fund’s remaining assets, comprised of both non-performing loans and REO’s. Though we have made good progress, some real estate areas of the country are experiencing a slow down in activity, with...
by Erika Luitjens | Aug 15, 2019 | Fund News, SRF Quarterly Newsletter
Since the Fed last decided to raise interest rates, economic growth has slowed and inflation has remained the same, according to Danielle Hale, the Chief Economist at Realtor.com. “Although the labor market remains strong, with healthy job growth and the unemployment...
