[su_spacer size=”10″]Performance Report:

As of  9/30/18:

• Third quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans:45
• Gross loan portfolio dollars: $33,252,943 (62.10% in 1st and 37.90% in 2nd position)
• Average loan-to-value: 49.74%*
• Average loan amount: $738,954*

*calculated when loans are initially funded

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Featured Asset:[su_spacer size=”5″]

Our featured property this quarter is located at 2910 Revere Avenue in Oakland California. It is a 3,579 sq ft multi-family home situated on a 5,310 sq ft lot. The property was built in 1965. It has 5 units and each unit has 2 bedrooms and 1 bathroom. It is in a neighborhood with a mixture of single family and multifamily properties.

The borrower needed capital for his business. He has owned this commercial, multi-family property since 1993 and has a small loan against it. Stonecrest provided him with a $250K line of credit in 2nd position. The income from the property, along with a combined loan-to-value of 45%, makes this another good addition to the portfolio.
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Property Types:

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Past 12 months Annualized Returns:

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