As of 3/31/17:
- Year-to-date annualized return: 7.64%
- Number of loans: 132
- Gross loan portfolio dollars: $90,019,752 (76.23% in 1st and 23.77% in 2nd position)
- Average loan-to-value: 50.44%*
- Average loan amount:$681,968*
*calculated when loans are initially funded
Our featured property this quarter is located at 22855 Bravo Place, Salinas, California. This 3-bedroom, 2-bathroom, 1,861sqft home was
built in 1971. The home features large bedrooms, french patio doors, and original hardwood tongue and grove floors.
Our borrower was purchasing this investment property and wanted to utilize Stonecrest’s 1031
Reverse Exchange financing program. We provided a $625k loan in first position against the
subject property being purchased for $705k. We cross collateralized the loan against 2 additional
investment properties in order to achieve a 59% combined loan to value.
This helped our borrower close on the new investment property before having to sell their relinquished properties.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|