Stonecrest
StonecrestPerformance Report:
As of 6/30/15:
- Second quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 83
- Gross loan portfolio dollars: $32,525,142(83.12% in 1st and 16.88% in 2nd position)
- Average loan-to-value: 44.65%*
- Average loan amount: $391,869
*calculated when loans are initially funded
Featured Asset:
Our featured property this quarter is located at 2597 South Park Lane in Santa Clara, California. This 1,092 sqft one-story, single family home has 2 bedrooms and 2 bathrooms. The property was built in 1973 and sits on a 1,742 sqft lot. It is in a good area, near to schools. It has a fireplace and an enclosed patio.
This borrower has had multiple loans with Stonecrest and has a great track record. He is involved in a big development deal and has been using our products to help fund different stages of the project. He owned this rental property free and clear of any liens and needed to cash out $370k. Based on his great financial profile and credit record, we decided to provide him with a 65% loan-to-value 1st position business loan. This will be a solid deal for the portfolio!
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| July, 2014 | 7.75% | 8.03% |
| August, 2014 | 7.75% | 8.03% |
| September, 2014 | 7.75% | 8.03% |
| October, 2014 | 7.75% | 8.03% |
| November, 2014 | 7.75% | 8.03% |
| December, 2014 | 7.75% | 8.03% |
| January, 2015 | 7.75% | 8.03% |
| February, 2015 | 7.75% | 8.03% |
| March 2015 | 7.75% | 8.03% |
| April, 2015 | 7.75% | 8.03% |
| May, 2015 | 7.75% | 8.03% |
| June, 2015 | 7.75% | 8.03% |