[su_spacer size=”10″]Performance Report:

As of  12/31/17:

• Fourth quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 51
• Gross loan portfolio dollars: $36,042,384 (63.65% in 1st and 36.35% in 2nd position)
• Average loan-to-value: 48.60%*
• Average loan amount: $706.713*

*calculated when loans are initially funded

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Featured Asset:[su_spacer size=”5″]

Stonecrest’s featured property this quarter is located at 2490 Old Middlefield Way in Mountain View, California. The building is approximately 11,200 sq ft and sits on a .71 acre lot. The commercial service zoning allows both commercial and industrial uses. Mountain View is home to many high technology companies. California BMW occupies this commercial building.

Our borrower is a past client.They own this successful motorcycle dealership and building, as well as another location. They were in need of a line of credit for inventory management purposes. Stonecrest provided a $900k line of credit in second position behind a $1.2M first on the property, which was valued at $5.3M. This put us at a combined loan to value of 40%. With the borrowers’ good track record and our great equity position, this deal is an excellent addition to the portfolio.
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Property Types:

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Past 12 months Annualized Returns:

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