Stonecrest
StonecrestPerformance Report:
As of 03/31/13:
• First quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 108
• Gross loan portfolio dollars: $36,472,298 (64.8% in 1st and 35.2% in 2nd position)
• Average loan-to-value: 42.68%*
• Average loan amount: $337,706
*calculated when loans are initially funded
Featured Asset:
Our featured property this quarter is a traditional, single story home located at 1600 Elm Street, San Carlos, California. The home, conveniently located near downtown in the White Oaks neighborhood, has a total of 1,810 sqft, and was built in 1959.
The property has 3 bedrooms, 2 baths, an excellent indoor/outdoor flow, functional kitchen and a family room perfect for entertaining. It sits on an 8,100 sqft lot and features mature landscaping and a pool.
Our borrower owns this home free and clear and needed a business line of credit. He has excellent credit and has been in business for over 30 years. We approved him for a $350k credit line with Private Capital Fund in first position. Our property valuation came back at $1.2 million, putting us at 29% loan-to-value! This loan is a great addition to the fund’s portfolio.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| April, 2012 | 7.2% | 7.4% |
| May, 2012 | 7.2% | 7.4% |
| June, 2012 | 7.2% | 7.4% |
| July, 2012 | 7.2% | 7.4% |
| August, 2012 | 7.2% | 7.4% |
| September, 2012 | 7.2% | 7.4% |
| October, 2012 | 7.2% | 7.4% |
| November, 2012 | 7.2% | 7.4% |
| December, 2012 | 7.2% | 7.4% |
| January, 2013 | 7.2% | 7.4% |
| February, 2013 | 7.2% | 7.4% |
| March, 2013 | 7.2% | 7.4% |