Stonecrest
StonecrestPerformance Report:
As of 03/31/14:
• First quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 87
• Gross loan portfolio dollars: $35,052,535 (59.95% in 1st and 40.05% in 2nd position)
• Average loan-to-value: 44.06%*
• Average loan amount: $402,903
*calculated when loans are initially funded
Featured Asset:
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Our featured property this quarter is located at 2452 Villa Nueva Way in Mountain View, California. This 1867 sqft, one-story, single family home has 4 spacious bedrooms and 3 bathrooms. The property was built in 1956 and sits on a 7,000 sqft lot. It has a lovely gated pool and barbecue area.
Our borrower was in need of business capital and approached us wanting to utilize our line of credit product. She owned this rental home, which is located in a nice area, and it was valued at $1,650,000 with only $489k owed on it. The borrower also had a good credit and financial profile so the fund provided $571k business line of credit in 2nd position. This put us in a combined loan-to-value of 65%, and in a great location.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| April, 2013 | 7.2% | 7.4% |
| May, 2013 | 7.2% | 7.4% |
| June, 2013 | 7.2% | 7.4% |
| July, 2013 | 7.2% | 7.4% |
| August, 2013 | 7.2% | 7.4% |
| September, 2013 | 7.2% | 7.4% |
| October, 2013 | 7.2% | 7.4% |
| November, 2013 | 7.2% | 7.4% |
| December, 2013 | 7.2% | 7.4% |
| January, 2014 | 7.2% | 7.4% |
| February, 2014 | 7.2% | 7.4% |
| March, 2014 | 7.2% | 7.4% |