[su_spacer size=”10″]Performance Report:

As of  3/31/17:

• First quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 55
• Gross loan portfolio dollars: $32,798,629 (66.65% in 1st and 33.35% in 2nd position)
• Average loan-to-value: 48.71%*
• Average loan amount: $596,339*

*calculated when loans are initially funded

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Featured Asset:[su_spacer size=”5″]

Our featured property this quarter is a 4-plex, converted to 4 condominiums, located at 642 Dean Street, in Hayward, California. The 4-plex was built 51 years ago and appears to feature a completely renovated building and landscaping.

Our borrower is a seasoned real estate investor who needed Stonecrest’s Business Line of Credit to complete his project; converting a 4-plex building into a 4-unit condominium.

We were able to provide a $250k Business Line of Credit in second position behind a $597k bank
loan against the 4 condos, which together are valued at $1.4M. This put us at a 60.5% combined loan to value.
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Property Types:

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Past 12 months Annualized Returns:

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