Stonecrest
StonecrestPerformance Report:
As of 12/31/14 :
- Second quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 80
- Gross loan portfolio dollars: $25,258,409(87.29% in 1st and 12.71% in 2nd position)
- Average loan-to-value: 46.71%*
- Average loan amount: $315,730
*calculated when loans are initially funded
Featured Asset:
Our featured property this quarter is located at 18255 Clemson Avenue, Saratoga, California. This 1,700 square foot one-story single family home has 3 bedrooms and 2 bathrooms. The property was built in 1955 and sits on a 8,260 sqft lot. It has a beautiful kitchen and fireplace, and a great backyard with a pool and gazebo.
Our borrower owns a business that sells home remodeling materials. He is also a real estate investor who owns multiple properties in well-established areas. He was in contract to purchase this home and needed to move quickly on it in order to get a good deal. He was purchasing the property for $1.3M and was able to put 40% down. We provided him with a loan of $780k in 1st position until he is able to get financing lined up with a bank. With the borrower’s good credit and financial profile, and a 60% loan-to-value loan on property located in a really good area, this is a solid addition to the fund.
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| January, 2014 | 7.75% | 8.03% |
| February, 2014 | 7.75% | 8.03% |
| March, 2014 | 7.75% | 8.03% |
| April, 2014 | 7.75% | 8.03% |
| May, 2014 | 7.75% | 8.03% |
| June, 2014 | 7.75% | 8.03% |
| July, 2014 | 7.75% | 8.03% |
| August, 2014 | 7.75% | 8.03% |
| September, 2014 | 7.75% | 8.03% |
| October, 2014 | 7.75% | 8.03% |
| November, 2014 | 7.75% | 8.03% |
| December, 2014 | 7.75% | 8.03% |