As of 3/31/15:
• First quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 73
• Gross loan portfolio dollars: $38,728,983 (79.37% in 1st and 20.63% in 2nd position)
• Average loan-to-value: 45.75%*
• Average loan amount: $531,534
*calculated when loans are initially funded
Featured Asset:This 6,151 sqft three-story, single family home has 5 bedrooms and 6.1 bathrooms. The property was built in 1971 and sits on a 14,810 sqft lot. It has a koi pond and has been newly renovated with an elegant floor plan including an open kitchen that is perfect for entertaining.
Our borrowers had a beautiful home for sale that was valued at $3 million, free and clear of any liens. They identified a commercial property they wanted to purchase and wanted to close the transaction quickly for their business. We provided them with a business loan for $1.4 million in 1st position against their home so they could make an all-cash offer. The borrowers have an excellent credit and financial profile. That, along with being at 47% loan-to-value, makes this a very nice loan in the portfolio.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|