Stonecrest
StonecrestPerformance Report:
As of 12/31/17:
- Year-to-date annualized return: 7.61%
- Number of loans: 142
- Gross loan portfolio dollars: $89,154,697 (68.91% in 1st and 31.09% in 2nd position)
- Average loan-to-value: 51.75%*
- Average loan amount:$627,850*
*calculated when loans are initially funded
Featured Property:
Our featured property this quarter is located at 746 Hartzell Street in Pacific Palisades, California. This 1,279 sq ft, one story, single family home has 2 bedrooms, 2 bathrooms, and sits on a 6,500 sq ft lot. This home was built in 1950 and has been completely renovated throughout, with custom maple cabinetry in the kitchen.
This borrower needed a line of credit for another real estate project. They owned the home in Pacific Palisades, a very desirable area, free and clear of any liens. Stonecrest provided a line of credit in 1st position for $1,500,000. The property was valued at $2,650,000, putting us at a loan-to value of 57%. That loan-to-value, along with the borrower’s strong financial profile, made this a great addition to the loan portfolio!
Property Types:
Past 12 months Annualized Returns:
| Month | Income Partner | Growth Partner |
|---|---|---|
| January, 2017 | 7.54% | 7.81% |
| February, 2017 | 7.57% | 7.84% |
| March, 2017 | 7.80% | 8.08% |
| April, 2017 | 7.88% | 8.17% |
| May, 2017 | 7.54% | 7.81% |
| June, 2017 | 7.59% | 7.86% |
| July, 2017 | 7.74% | 8.02% |
| August, 2017 | 7.75% | 8.03% |
| September, 2017 | 7.65% | 7.92% |
| October, 2017 | 7.52% | 7.78% |
| November, 2017 | 7.32% | 7.57% |
| december, 2017 | 7.45% | 7.71% |