During the final two quarters of 2013, Capital Income & Growth Fund acquired a significant number of non-performing loans and REO properties for the portfolio. Because of this, our asset managers have been very focused on resolving as many assets as possible during the first quarter of 2014. Retail REO sales, note sales, and loan modifications have been the three areas where there have been increases in asset resolutions as a result of this focus.
Stonecrest believes there are still a significant number of distressed assets in the marketplace that represent potential for profit. A large part of this business is to create and maintain relationships that help us win the trade when these assets appear on the market. We currently have a great base of contacts and continue to grow that base by networking at the major conferences and then following up to stay connected during the year. Many asset pools are shown to only a select number of buyers. Because of our strong contacts, we are invited in on most of these buying opportunities and feel fortunate to be considered part of this exclusive group.
1st Quarter 2014 Total Fund Rate of Return: 10.79%
Total Fund Annualized Return Since Inception: 20.80%
|Performance Since Inception|
|Land Contracts Summary|
|Face Value of Notes||$446,361|
|Non-performing Notes Summary|
|Cost of Notes||$4,224,912|
|Modified Notes Summary|