As of 6/30/18:
- Year-to-date annualized return: 7.39%
- Number of loans: 155
- Gross loan portfolio dollars: $122,999,651(70.69% in 1st and 29.31% in 2nd position)
- Average loan-to-value: 52.35%*
- Average loan amount:$793,546.14*
*calculated when loans are initially funded
Our Half Moon Bay property is located at 217 MiramontesRd. This 2-story single family home is 3,286sq ft on a 7,500 sq ft lot and has 4 bedrooms and 2.5 bathrooms. It was built in 1988 and has a partial view of the ocean. The inside has been recently remodeled.We are crossing the Half Moon Bay property with 319 San Carlos Avenue in Redwood City. This is a 1,280 sq ft 1-story home on a 6,426 sq ft lot with 3 bedrooms and 2 bathrooms. It was built in 1920. The inside has been remodeled with granite counter tops and stainless steel appliances.
Our borrowers needed a Bridge Loan to help purchase a new home before selling their current residence. We provided them with a $1.175M loan in 1st position on the purchase property crossed behind a $500k loan on the departing property. The combined loan-to-value of 54% made this a great deal for the portfolio.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|