[su_spacer size=”10″]Performance Report:
As of 6/30/16:
- Second quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 92
- Gross loan portfolio dollars: $56,213,077 (86.31% in 1st and 13.69% in 2nd position)
- Average loan-to-value: 48.15%*
- Average loan amount:$611,012
*calculated when loans are initially funded
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Featured Property:
Our featured property this month is located at 57 Via Navarro in Greenbrae, California. This 2,266sqft two-story single family home rests on a 8,024sqft lot. It has 4 bedrooms and 2.5 bathrooms. The home was built in 1960 and has a full length wood deck with sweeping views of the San Francisco Bay and Mt. Tamalpais, along with an amazing view of the Valley.
Our borrowers are a retired couple looking to relocate out-of-state to be near their children. Our Bridge Loan product allows them to purchase their new property before selling the departing residence. They owned their California home, valued at $1.6 million, free and clear of any liens. We provided a 1st of $660k against Greenbrae for use towards their new purchase. With their excellent credit profile and a loan to value of 41%, this is a great loan for the portfolio.
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Property Types:
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Past 12 months Annualized Returns:
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