As of 9/30/16:
- Third quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 102
- Gross loan portfolio dollars: $70,408,575 (84.61% in 1st and 15.39% in 2nd position)
- Average loan-to-value: 50.07%*
- Average loan amount:$690,280
*calculated when loans are initially funded
Our featured property this quarter is located a 9249 Burton Way, #303, Beverly Hills, California. This 3rd floor condominium is 1,710sqft and has 2 bedrooms and 2.5 bathrooms. This property was built in 1988 and has been remodeled with marble counters and upscale stainless steel appliances in the kitchen. This unit has access to a common area gym, sun terrace and 24-hour security.
Our borrower is a very active real estate investor with great income, credit, and financial profile.He wanted access to a business line of credit to further his real estate investments. He owns this Beverly Hills property free and clear. Stonecrest provided him with a $900k line of credit in first position on this property, which is valued at $1.550M. This puts us at a 58% loan to value and gives us a great addition to the portfolio.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|