The Stonecrest Income & Opportunity Fund-1 continued to liquidate assets throughout the third quarter. We sold eight separate pools of assets. We are selling performing notes, non-performing notes, loans in bankruptcy, high and low value REO’s, etc. delivering activity in all segments of the fund.
Buyers usually focus on one or two type of asset classes so we are continually sorting our assets to increase the overall price we receive from our buyers. We have also hired another Collections Specialist to help keep up (or bring current) as many land contracts/loans as possible. The sales price of assets changes dramatically if they are current versus delinquent, so this is an important function.
The overall resale market to individuals, as well as to other small hedge funds, has been steadily increasing and this is being reflected in our liquidation success within Stonecrest Income & Opportunity Fund-1.
Reminder: Stonecrest Income & Opportunity Fund-1, LLC, has been approved for direct deposit. Investors wishing to have their money directly deposited into their accounts can contact either Lisa Fuller or Christina Vuong at 408-557-0700 for further information.
Reminder: Stonecrest Income & Opportunity Fund-1, LLC, has been approved for direct deposit. Investors wishing to have their money directly deposited into their accounts can contact either Lisa Fuller or Christina Vuong at 408-557-0700 for further information.
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[su_title heading=”h4″ style=”thin” case=”uppercase”]Featured Asset:[/su_title]
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| Our featured property this quarter is a 1,670 sqft3-bedroom, 2-bathroom, single family home built in 1964. It is located at 144 Bailey Collins Drive, in Smyrna,Tennessee. Investment Stats (rounded)
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[su_title heading=”h4″ style=”thin” case=”uppercase”]Fund Performance:[/su_title]
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