Stonecrest
StonecrestPerformance Report:
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
Featured Property:
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.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| July, 2017 | 7.74% | 8.02% |
| August, 2017 | 7.75% | 8.03% |
| September, 2017 | 7.65% | 7.92% |
| October, 2017 | 7.52% | 7.78% |
| November, 2017 | 7.32% | 7.57% |
| December, 2017 | 7.45% | 7.71% |
| January, 2018 | 7.65% | 7.92% |
| February, 2018 | 7.08% | 7.31% |
| March, 2018 | 7.63% | 7.90% |
| April, 2018 | 7.35% | 7.60% |
| May, 2018 | 7.20% | 7.44% |
| June, 2018 | 7.43% | 7.69% |