Sales of real estate slows during the winter months, especially in the mid-west and eastern parts of the country. With that being said, our sales team was able to sell twenty-four REO’s and five non-performing notes. We are looking forward to a robust selling season for spring and summer as winter exits in many parts of the country.
With this newsletter, our investors will receive the first of four capital distributions as Stonecrest’s Capital Income and Growth Fund winds down. The checks will arrive the month following the end of each quarter. The the last check will arrive in early January 2018 and signal the official end the fund.
For those that are interested, we have opened a new fund, Real Estate Growth Fund (REGF). For the first time, we’ll use a small amount of leverage in order to increase REGF’s overall yield. With the increased sales of HUD properties through both their CWCOT and Total Debt programs, we expect the new fund to have access to plenty of inventory.
Total Fund Annualized Return Since Inception: 17.51%
|Performance Since Inception|
|Land Contracts Summary|
|Face Value of Notes||$863,895|
|Non-performing Notes Summary|
|Modified Notes Summary|