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
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!
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|