As of 3/31/18:
- Year-to-date annualized return: 7.45%
- Number of loans: 131
- Gross loan portfolio dollars: $99,286,138 (72.20% in 1st and 27.80% in 2nd position)
- Average loan-to-value: 51.77%*
- Average loan amount:$757,909.45*
*calculated when loans are initially funded
Our featured property this quarter is located at 15303 Top of the Hill Road in Los Gatos, California. This property is a 2-story single family home that has 4 bedrooms and 3 bathrooms. The home is 3,697 sqft and sits on 1.23 acres. There is an additional finished 690 sqft basement. This home was built in 1986 and is surrounded by beautiful, mature landscaping with an oasis in the backyard featuring an in ground pool and hot tub.
Our borrower is a past client and active real estate investor. He wants to purchase a Los Gatos property for his portfolio. The property is a great deal and he plans to fix and flip it. Stonecrest provided him with a 1st of $1.5M on a purchase price of $2.2M. The borrower’s great credit and financial profile along with a 68% loan-to-value on the purchase makes this a
great loan for the fund.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|