Stonecrest
StonecrestPerformance Report:
As of 9/30/19:
- Year-to-date annualized return: 7.32%
- Number of loans: 175
- Gross loan portfolio dollars: $151,469,243 (69.0% in 1st and 31.0% in 2nd position)
- Average loan-to-value: 50.53%*
- Average loan amount: $865,539*
*calculated when loans are initially funded
Featured Property:
Our featured property is located at 183 24th Avenue in San Francisco, California. It is a single family home that is 4,936 sq ft sitting on a 10,200 sq ft lot. This 2-story home, built in 1907,contains 5 bedrooms, 3 full baths, 2 half baths, a basement, converted attic, and 2-car garage.
The converted attic contains a den, recreation room, and 1 bathroom. The rear patio and yard are also accessible from the 2nd floor, which has significant views of the city area.
Our borrowers own a business in San Francisco that has experienced tremendous growth. They needed substantial working capital to continue their momentum. They applied for a business line-of credit and one of the investors put up their home as collateral for our loan. We gave them a $2.1M credit line in 1st position at a loan-to-value of 45%!
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| 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% |
| July, 2019 | 7.35% | 7.60% |
| August, 2019 | 7.22% | 7.46% |
| September, 2019 | 7.16% | 7.40% |