[su_spacer size=”10″]Performance Report:
As of 6/30/17:
- Year-to-date annualized return: 7.65%
- Number of loans: 135
- Gross loan portfolio dollars: $93,274,281 (73.64% in 1st and 26.36% in 2nd position)
- Average loan-to-value: 52.13%*
- Average loan amount:$690,921*
*calculated when loans are initially funded
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Featured Property:
Our featured property this quarter involves 2 homes.The first is located at 15 Estates Drive, San Anselmo,California. It is a 1,212sqft two-story single family home built in 1926 and sits on 3.6 acres. It has 2 bedrooms and 1 bathroom. The tranquil property creates the feeling of a mountain paradise while only minutes to downtown Fairfax. The second home, located at 11 Holly Road, Fairfax, California, was built in 1959. It is 2,350sqft, has 4 bedrooms and 3 bathrooms, and sits on a 18,000sqft lot.
Our borrowers used Stonecrest’s Bridge Loan program to help them downsize from the San Anselmo home to the Fairfax property. They needed to use this program in order to compete with non-contingent offers in the market place. We provided them with a $1.065k loan in 1st position on the purchase of the Fairfax home, crossing the departing residence in San Anselmo. Although the combined loan-to-value was at 73%, the Fairfax home is in a very desirable area and the borrowers had very strong financials and credit profile.
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Property Types:
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Past 12 months Annualized Returns:
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