Stonecrest
StonecrestPerformance Report:
As of 9/30/16:
• Third quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 56
• Gross loan portfolio dollars: $33,496,639 (68.67% in 1st and 31.33% in 2nd position)
• Average loan-to-value: 47.52%*
• Average loan amount: $598,154
*calculated when loans are initially funded
Featured Asset:
Our featured property this quarter is a two-story office building located at 824 San Antonio Road in Palo Alto, California. It was built in 1986, is 8,601sqft and sits on a 19,100sqft lot. The ground floor is an owner-occupied nursing school and the second floor is used for office activities. The property also includes a parking lot located behind the building. 
Our borrower, who utilizes a portion of her building for her nursing school, has decided to close her business. She wants to lease the newly available space prior to applying for a refinance. This will help her qualify for a conventional loan. Her previous loan on the building had matured. She approached Stonecrest for a loan that would provide her with time to stabilize the building. We gave her a loan of $2.750M in first position on the building, which is valued at $5M. This put us at a 56% loan to value – a great addition to the portfolio!
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| October, 2015 | 7.2% | 7.4% |
| November, 2015 | 7.2% | 7.4% |
| December, 2015 | 7.2% | 7.4% |
| January, 2016 | 7.2% | 7.4% |
| February, 2016 | 7.2% | 7.4% |
| March, 2016 | 7.2% | 7.4% |
| April, 2016 | 7.2% | 7.4% |
| May, 2016 | 7.2% | 7.4% |
| June 2016 | 7.2% | 7.4% |
| July, 2016 | 7.2% | 7.4% |
| August, 2016 | 7.2% | 7.4% |
| September, 2016 | 7.2% | 7.4% |