As of 9/30/18:
- Year-to-date annualized return: 7.40%
- Number of loans: 162
- Gross loan portfolio dollars: $124,899,257(66.32% in 1st and 33.68% in 2nd position)
- Average loan-to-value: 52.07%*
- Average loan amount:$770,983*
*calculated when loans are initially funded
The first of our featured properties this quarter is located at 1247 Fleming Avenue in San Jose, California. It is a 1-story, single family home that is 1,543 sq ft, situated on a 18,511 sq ft lot. This home was built in 1954. It has 3 bedrooms and 2 bathrooms. The inside was recently remodeled.
We are crossing the Fleming Avenue property with 3635 Valley Ridge Lane in San Jose. It is a 2-story home that is 4,808 sq ft, situated on 1.03 acres lot. It has 5 bedrooms, 4 bathrooms, and
3-car garage. This home was built in 1990 and offers stunning views of the city and hill.
Our borrower wanted to downsize his residence and so he utilized Stonecrest’s Bridge Loan product to buy his next property before selling the departing residence. We provided a loan of $1,025,000 for the purchase and secured it against both properties. Our combined loan-to-value is 73.22% – a short term loan in high demand area.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|