As of 12/31/16:
- fourth quarter average return: 7.75%
- Year-to-date annualized return: 7.75%
- Number of loans: 109
- Gross loan portfolio dollars: $70,393.734 (79.81% in 1st and 20.19% in 2nd position)
- Average loan-to-value: 48.89%*
- Average loan amount:$645,814
*calculated when loans are initially funded
Our featured property this quarter is located at 1403 Willard Street in San Francisco, California. This 3-story, 3,725sqft home has 4 bedrooms and 2.5 bathrooms. This property was built in 1904 and has been remodeled within the last 5 years. The house is located in the Sunset Heights district where the climate is warm and there is good proximity to major employment centers, parks and public schools.
Our borrower is a successful entrepreneur in the process of selling his second company. He needed a business line of credit until a liquidity event occurred. Stonecrest provided a $1.5M line of credit in first position against his San Francisco home, valued at $3.5M. Given his excellent credit profile and financials, we felt that this 43% loan to value credit line was another great addition to the portfolio.
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|