As of 12/31/18:
- Year-to-date annualized return: 7.39%
- Number of loans: 173
- Gross loan portfolio dollars: $125,642,494(64,34% in 1st and 35.66% in 2nd position)
- Average loan-to-value: 51.56%*
- Average loan amount:$726,257*
*calculated when loans are initially funded
Our featured property this quarter is located at 15975 Cerro Vista Drive in Los Gatos, California.
It is a 5,216 sq ft single family home situated on a 1.70 acre lot. This home was built in 1954. It has 5 bedrooms and 4.5 bathrooms. It has a solar system (owned), two fireplaces, dual pane windows,and central air conditioning.
This borrower is a past client that has utilized our Business Line of Credit product for his real estate investments and has a good track record with us.
He was once again in need of capital for several projects so we provided him with a $1M line in 1st position against this investment property, worth $4M. This put us at a great loan-to-value of 25%!
Past 12 months Annualized Returns:
|Month||Income Partner||Growth Partner|