[su_spacer size=”10″]Performance 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

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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!

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Property Types:

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Past 12 months Annualized Returns:

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