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Performance Report:
As of 12/31/14:
• Fourth quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 80
• Gross loan portfolio dollars: $35,844,551 (69.96% in 1st and 30.94% in 2nd position)
• Average loan-to-value: 44.67%*
• Average loan amount: $448,057
*calculated when loans are initially funded
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Featured Asset:
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Our featured property this quarter is located at 4732 Avenida Del Mar, Malibu, California. This 4,576 sqft two-story, single family home has 4 bedrooms and 4 bathrooms. The property was built in 1984 and sits on a 32,623 sqft lot. It has large patio, spa, professional landscaping and a beautiful view of the ocean. 
Our borrower is a successful business developer with a long record of success in taking small businesses and growing them into much more substantial ones. A business opportunity presented itself before he was able to cash out of a prior deal, and he found himself in need of a business loan. We offered him a business credit line of $500k in 2nd position against his residence, which is valued at $3 million. The borrower’s wife is a well-established doctor with good income. Their financial profile, along with their great credit history, makes this 52% combined loan-to-value loan a great addition to the fund.
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Property Types:
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Past 12 months Annualized Returns:
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