Stonecrest’s Capital Income & Growth Fund was able to negotiate and close a large trade of non-performing notes from Citibank at the end of the fourth quarter. These loans were spread throughout the country with a concentration in both Texas and Florida. It is a very good pool and we are happy with the negotiated price.

We were also able to resell a large block of notes to an investment firm, as well as continue to sell notes on a smaller scale to local investors.

Stonecrest increased the number of REO’s purchased at auction because one of our main sellers wanted to close as many escrows as possible before the end of the year. The auction side of the business continues to grow and our employees have been working quite diligently to keep up with this side of the business.

Our Retail staff has also been very busy working with our army of Realtors across the country, vacating properties, rehabbing them, and selling our REO’s through retail channels.

Performance Statistics

4th Quarter 2013 Total Fund Rate of Return: 11.99%

Total Fund Annualized Return Since Inception: 21.70%

Featured Asset:


Our featured property this quarter is a 3-bedroom, 2-bathroom, 938sqft single family home located at 421 Bellevue Drive, Round Lake Park, Illinois.

Investment Stats (rounded):

  • Purchase Price: $3,695
  • Obtained a Deed in Lieu
  • Expenses: $11,000
  • Sold as REO: $26,200
  • Gross Profit: $11,905



Fund Performance:

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