Stonecrest
StonecrestPerformance Report:
As of 6/30/19:
- Year-to-date annualized return: 7.36%
- Number of loans: 187
- Gross loan portfolio dollars: $156,533,183 (68.30% in 1st and 31.7% in 2nd position)
- Average loan-to-value: 50.97%*
- Average loan amount: $$837,076*
*calculated when loans are initially funded
Featured Property:
Our featured property this quarter is located at 215 Lindenbrook Road in Woodside, California. It is a 3,850 sq ft single-family home sitting on a 4.07- acre lot. This home is newly finished construction.It is a modern style with 5-bedrooms, 4-baths, dual pane windows, central air conditioning, 2 fireplaces, a basement, patio, and porch, and includes a 10- car capacity driveway. It features a guest cottage, studio, and barn.
This borrower was looking for our Business Line of Credit to further her real estate investment practice. She has a good history with us. This home is valued at $10M and is in a great location. Stonecrest was able to provide a $2.2M line in 2nd position behind a $930k bank loan. This puts our combined loan-to-value at 32%, and adds another good loan to the portfolio.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| July, 2018 | 7.38% | 7.63% |
| August, 2018 | 7.39% | 7.65% |
| September, 2018 | 7.46% | 7.72% |
| October, 2018 | 7.32% | 7.57% |
| November, 2018 | 7.39% | 7.65% |
| December, 2018 | 7.36% | 7.61% |
| January, 2019 | 7.36% | 7.61% |
| February, 2019 | 7.14% | 7.38% |
| March, 2019 | 7.36% | 7.61% |
| April, 2019 | 7.36% | 7.61% |
| May, 2019 | 7.51% | 7.77% |
| June, 2019 | 7.41% | 7.67% |