Stonecrest
StonecrestPerformance Report:
As of 12/31/18:
• Fourth quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans:46
• Gross loan portfolio dollars: $36,290,719 (60.12% in 1st and 39.88% in 2nd position)
• Average loan-to-value: 51.08%*
• Average loan amount: $788,929*
*calculated when loans are initially funded
Featured Asset:
Our featured property this quarter is located at 957 Corte Del Sol in Fremont, California. It is a 6,977 sq ft single-family home sitting on a 16,179 sq ft lot. The property was built in 1993. It has 5 bedrooms and 5.5 bathrooms, a foyer and basement. There are three fireplaces, garage space for 5 cars, and the home includes an inground pool. It is in a residential neighborhood.
The borrowers came to us in need of working capital for their business. They wanted the flexibility of our Business Line of Credit product. Stonecrest provided a $500k line in 2nd position against their home, which was assessed at $4M. With a combined loan to- value of 47% and the borrowers’ great credit and financial profile, this is a nice loan for the portfolio.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| January, 2018 | 7.2% | 7.4% |
| February, 2018 | 7.2% | 7.4% |
| March, 2018 | 7.2% | 7.4% |
| April, 2018 | 7.2% | 7.4% |
| May, 2018 | 7.2% | 7.4% |
| June, 2018 | 7.2% | 7.4% |
| July, 2018 | 7.2% | 7.4% |
| August, 2018 | 7.2% | 7.4% |
| September, 2018 | 7.2% | 7.4% |
| October, 2018 | 7.2% | 7.4% |
| November, 2018 | 7.2% | 7.4% |
| December, 2018 | 7.2% | 7.4% |