Stonecrest has been actively marketing and selling Strategic Realty Fund’s remaining assets, comprised of both non-performing loans and REO’s.
Though we have made good progress, some real estate areas of the country are experiencing a slow down in activity, with houses sitting for more days on the market before finally selling. We are in the due diligence process with a handful of buyers for our remaining non-performing note pools.
While being patient and strategic, Stonecrest’s goal is to have all remaining assets sold by the end of this year.
Our featured property this quarter is a 1,680 sqft single family, ranch-style home located at 183 West 500 North in Anderson, Indiana. Built in 1999, it has 2 bathrooms and a partially finished basement. It sits on a 7.43-acre lot.
Investment Stats (rounded):
- REO Purchase Price: $67,395
- Expenses: $36,898
- Sold Retail:$143,000
- Gross Profit: $38,707
|Performance Since Inception|
|Annualized Return||Final Annualized of Return to be determined at the end of the fund|
|Land Contracts Summary|
|Face Value of Notes||$236,572|
|Non-performing Notes Summary|
|Modified Notes Summary|