Fund News

The real estate market across most of the United States has been strong. This is good news for all of Stonecrest’s funds and Capital Income & Growth Fund is no exception. Our REO team really hustled and was able to sell twenty-two properties as well as get another twenty-six properties into escrow during the second […]

Performance Report: As of  6/30/17: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 60 • Gross loan portfolio dollars: $38,292,318 (74.02% in 1st and 25.98% in 2nd position) • Average loan-to-value: 50.67%* • Average loan amount: $638,205* *calculated when loans are initially funded Featured Asset: Our featured property […]

The national real estate market continues to be strong and our REO team was able to sell twenty-nine properties and thirteen non-performing mortgages this quarter. We continue to be excited about HUD’s two asset disposal strategies: CWCOT and the Total Debt Program. We are currently running due diligence on a pool of sixty assets from […]

Performance Report: As of 6/30/17: Year-to-date annualized return: 7.65% Number of loans: 135 Gross loan portfolio dollars: $93,274,281 (73.64% in 1st and 26.36% in 2nd position) Average loan-to-value: 52.13%* Average loan amount:$690,921* *calculated when loans are initially funded Featured Property: Our featured property this quarter involves 2 homes.The first is located at 15 Estates Drive, […]

Performance Report: As of 3/31/17: Year-to-date annualized return: 7.64% Number of loans: 132 Gross loan portfolio dollars: $90,019,752 (76.23% in 1st and 23.77% in 2nd position) Average loan-to-value: 50.44%* Average loan amount:$681,968* *calculated when loans are initially funded Featured Property: Our featured property this quarter is located at 22855 Bravo Place, Salinas, California. This 3-bedroom, […]

Performance Report: As of  3/31/17: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 55 • Gross loan portfolio dollars: $32,798,629 (66.65% in 1st and 33.35% in 2nd position) • Average loan-to-value: 48.71%* • Average loan amount: $596,339* *calculated when loans are initially funded Featured Asset: Our featured property this […]

Sales of real estate slows during the winter months, especially in the mid-west and eastern parts of the country. With that being said, our sales team was able to sell twenty-four REO’s and five non-performing notes. We are looking forward to a robust selling season for spring and summer as winter exits in many parts […]

Sales of real estate slows during the winter months, especially in the mid-west and eastern parts of the country. With that being said, Strategic Realty Fund was able to sell twenty-three REO’s and nine mortgages in the first quarter of 2017, as well as modifying 3 loans. Our acquisition department has had success purchasing 31 […]

As the number of REO properties continues to shrink, investors are looking for distressed inventory in different areas and looking at different opportunities to buy discounted real estate. One of those programs is the CWCOT (Claims without Conveyance of Title) that was designed to decrease the number of FHA properties in default through quick sales. […]

The Capital Income & Growth Fund will be winding down in 2017, with distributions of shareholder capital coming at each quarter end starting in Q1 and ending in Q4. Stonecrest was considering opening a new distressed asset fund but hesitated because of concerns regarding the availability of inventory in the coming years. Then we discovered […]

Performance Report: As of  12/31/16: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 55 • Gross loan portfolio dollars: $32,996,435 (69.26% in 1st and 30.74% in 2nd position) • Average loan-to-value: 47.45%* • Average loan amount: $599,935* *calculated when loans are initially funded Featured Asset: Our featured property […]

Performance Report: As of 12/31/16: fourth quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 109 Gross loan portfolio dollars: $70,393.734 (79.81% in 1st and 20.19% in 2nd position) Average loan-to-value: 48.89%* Average loan amount:$645,814 *calculated when loans are initially funded Featured Property: Our featured property this quarter is located at 1403 Willard Street […]

Performance Report: As of 9/30/16: Third quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 102 Gross loan portfolio dollars: $70,408,575 (84.61% in 1st and 15.39% in 2nd position) Average loan-to-value: 50.07%* Average loan amount:$690,280 *calculated when loans are initially funded Featured Property: Our featured property this quarter is located a 9249 Burton Way, […]

Performance Report: As of  9/30/16: • Third quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 56 • Gross loan portfolio dollars: $33,496,639 (68.67% in 1st and 31.33% in 2nd position) • Average loan-to-value: 47.52%* • Average loan amount: $598,154 *calculated when loans are initially funded Featured Asset: Our featured property […]

For the third quarter, our sales team was able to liquidate thirty nine REO assets, as well as sell forty low-value mortgages from our inventory. We have continued to purchase a handful of bay area properties from our tax delinquent marketing program. These properties, though hard to find, have a higher profit margin than auction […]

Last month, we attended the Five Star Conference in Dallas, Texas. This is one of the larger conferences that attracts banks, mortgage servicers, Realtors and investors. We were able to meet with the heads of two of our auction company partners, as well as the individual in charge of Wells Fargo’s distressed assets. The conversations […]

Performance Report: As of 6/30/16: Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 92 Gross loan portfolio dollars: $56,213,077 (86.31% in 1st and 13.69% in 2nd position) Average loan-to-value: 48.15%* Average loan amount:$611,012 *calculated when loans are initially funded Featured Property: Our featured property this month is located at 57 Via […]

Performance Report: As of  6/30/16: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 57 • Gross loan portfolio dollars: $33,804,804 (68.10% in 1st and 31.90% in 2nd position) • Average loan-to-value: 47.12%* • Average loan amount: $593,067 *calculated when loans are initially funded Featured Asset: Our featured property this […]

In addition to the REO purchases from auction companies, Stonecrest’s Capital Income and Growth Fund has been purchasing and marketing tax defaulted properties throughout California. We were able to have a list created for us that designates how delinquent a particular homeowner is on their property. We then contact them via letter, telemarketing, or a […]

Stonecrest has had solid success working with and purchasing properties from Bank of America’s Distressed Asset Division. This division sells properties they consider “ titled impaired”. The title may not actually be impaired, but the bank wants to sell these assets and get them off the banks’ books. Many times the bank has just finished […]

Performance Report: As of  3/31/16: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 60 • Gross loan portfolio dollars: $35,054,969 (69.24% in 1st and 30.76% in 2nd position) • Average loan-to-value: 46.85%* • Average loan amount: $584,249 *calculated when loans are initially funded Featured Asset: Our featured property this […]

Performance Report: As of 3/31/16: First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 91 Gross loan portfolio dollars: $47,561,616 (91.46% in 1st and 8.54% in 2nd position) Average loan-to-value: 48.38%* Average loan amount: $522,655 *calculated when loans are initially funded Featured Property: 6298 Snell Avenue, San Jose, CA, is a 2,508sqft, […]

Strategic Realty Fund sold twenty-four REO’s, sixteen mortgages and modified seven loans for a busy, productive quarter. We are also active in purchasing REO’s from our auction partners as well as purchasing non-performing mortgages from Clearview Capital and Springleaf Corporation. The number of REO assets that are available for auction has remained steady, with Freddie […]

The number of REO assets that are available for auction has remained steady, with Freddie Mac still being the largest seller. We continue to hear from our auction company contacts that Fannie Mae is going to start selling occupied properties in volume. At this point, we have yet to see any significant number of those assets coming to market. […]

Due to the late onset of winter in the East, Stonecrest’s Capital Income & Growth fund was able to sell fifty-two properties through our retail division and thirty modified notes through our note division. In late February, we will be attending the Mortgage Banking Servicing Conference in order to meet with prospective sellers of REO’s […]

Performance Report: As of  12/31/15: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 59 • Gross loan portfolio dollars: $33,388,222 (78.76% in 1st and 21.24% in 2nd position) • Average loan-to-value: 45.87%* • Average loan amount: $565,902 *calculated when loans are initially funded Featured Asset: This home in Truckee, […]

Performance Report: As of 12/31/15: Fourth quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 92 Gross loan portfolio dollars: $41,160,796(87.70% in 1st and 12.30% in 2nd position) Average loan-to-value: 46.90%* Average loan amount: $447,400 *calculated when loans are initially funded Featured Property: This El Cerrito home is a 2-story, 1,020sqft single family […]

A late winter in the East helped us to sell forty properties from the retail division, garnering a solid gross profit. We were also able to sell eleven modified loans and increase the number of land contracts in our portfolio to forty-four. In late February, we will be attending the Mortgage Banking Servicing Conference in […]

The Stonecrest Income & Opportunity Fund-1, which was opened in March of 2009 in order to take advantage of the severe downturn in the real estate market, has finally closed. Even though the types of real estate, mortgages and the sellers we faced changed over the life of the fund, the one constant was the […]

Stonecrest’s Strategic Realty Fund had a strong third quarter with the REO department selling 29 properties and our Asset Management team selling 13 notes and modifying 8 others. I expect SRF to also have a strong fourth quarter as many of the assets that were purchased over the last year are now on the market. […]

When we started the Stonecrest Income & Opportunity Fund in 2009, we believed that the window to purchase distressed real estate assets would last approximately five or six years. However, we now believe that the opportunity to purchase these types of assets will exist for many years to come and, with that in mind, we […]

The Capital Income and Growth Fund had a busy third quarter, selling 49 properties, 12 notes, and modifying 8 delinquent loans. We are still seeing plenty of opportunities for investing in discounted real estate and mortgages. In fact, the number of assets for sale from Freddie Mac is increasing and, just recently, Fannie Mae has […]

The national real estate market continues to improve and the demand for housing is increasing. Investors looking for consistently higher paying investments than what they can find with comparable fixed income investments are turning to performing modified loans. This increased activity is supporting our objective of selling off Stonecrest Income & Opportunity Fund-1’s remaining assets […]

Though the Stonecrest’s Strategic Realty Fund is relatively new and most of the invested capital has been raised in 2015, it is already starting to bare the fruits of our labor. We were able to evict, remodel, and sell eighteen properties for a gross profit margin of 16.96%. The net profit for the 2nd quarter […]

The national real estate market continues to improve and the demand for housing is increasing. Stonecrest’s Capital Income & Growth Fund had a solid second quarter with the retail team selling seventy-seven properties and the loan team selling nineteen modified loans. The demand for performing modified loans is strong as investors look for consistently higher […]

Performance Report: As of 6/30/15: Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 83 Gross loan portfolio dollars: $32,525,142(83.12% in 1st and 16.88% in 2nd position) Average loan-to-value: 44.65%* Average loan amount: $391,869 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 2597 South […]

Performance Report: As of 3/31/15: First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 92 Gross loan portfolio dollars: $30,432,165(77.69% in 1st and 22.31% in 2nd position) Average loan-to-value: 44.42%* Average loan amount: $330,784 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 175 Lewis Road, […]

Considering the harsh winter that we had in the mid west and eastern parts of the country, our sales of houses did well. We sold forty-nine properties over the quarter. Now that spring has arrived, the market is thawing. We are extremely busy with sales activity across most of the country. We have also been […]

As we mentioned last quarter, we made the strategic decision to resolve the rest of our assets and sell for maximum (or higher) profits rather than liquidating them at a discount. During the first quarter of 2015, we were able to sell or dispose of a number of low valued assets. We’ve also finished the […]

Performance Report: As of  3/31/15: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 73 • Gross loan portfolio dollars: $38,728,983 (79.37% in 1st and 20.63% in 2nd position) • Average loan-to-value: 45.75%* • Average loan amount: $531,534 *calculated when loans are initially funded Featured Asset: This 6,151 sqft three-story, […]

The acquisition department was busy in the first quarter purchasing 116 REO’s (versus 27 last quarter), and another pool of non-performing assets from Nationstar. The fund has been purchasing mainly Bank of America assets but cemented another relationship to purchase Freddie Mac REO’s. We are excited about this relationship as it seems that Freddie Mac […]

We have slightly modified the Stonecrest Income & Opportunity Fund-1 strategy in order to maximize our returns on pools of Land Contracts, Modified Loans and Non-performing Notes. We had previously been marketing them under their main ‘type’ – but now we are breaking them into sub-categories. We create pools based on geographic area, size of […]

Performance Report: As of 12/31/14 : Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 80 Gross loan portfolio dollars: $25,258,409(87.29% in 1st and 12.71% in 2nd position) Average loan-to-value: 46.71%* Average loan amount: $315,730 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 18255 Clemson […]

The fourth quarter was an active one for Stonecrest’s Capital Income & Growth Fund, with both the acquisition and sales departments involved in multiple trades. The national market for real estate sales overall is still good and we were able to sell eighty six properties. Most of these properties needed some rehabilitation, which opens the […]

Performance Report: As of  12/31/14: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 80 • Gross loan portfolio dollars: $35,844,551 (69.96% in 1st and 30.94% in 2nd position) • Average loan-to-value: 44.67%* • Average loan amount: $448,057 *calculated when loans are initially funded Featured Asset: Our featured property this quarter […]

Since the inception of the Strategic Realty Fund, we have focused on purchasing bank owned properties and non-performing mortgages. During the last half of 2014, we purchased 27 REO properties for $3.6 million through our relationships to a number of auction companies. Those properties are currently in one of three stages: 1. Eviction 2. Remodel […]

Performance Report: As of 9/30/14 : Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 80 Gross loan portfolio dollars: $22,116,746(84.47% in 1st and 15.53% in 2nd position) Average loan-to-value: 47.57%* Average loan amount: $276,459 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 7778 Lilac […]

Performance Report: As of 09/30/14: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 82 • Gross loan portfolio dollars: $35,374,965 (67.53% in 1st and 32.47% in 2nd position) • Average loan-to-value: 45.43%* • Average loan amount: $431,402 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located […]

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 […]

Stonecrest’s Capital Income & Growth Fund had another strong quarter with continued growth coming from sales in most of our segments. In particular, the Retail, Land Contracts, and Notes departments did well. Nationally, the overall resale market to individuals, as well as to other small hedge funds, has been steadily increasing and we are looking […]

Performance Report: As of 06/30/14: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 85 • Gross loan portfolio dollars: $32,306,787 (63.72% in 1st and 36.28% in 2nd position) • Average loan-to-value: 43.97%* • Average loan amount: $380,080 *calculated when loans are initially funded Featured Asset: Our featured property this quarter […]

The results for the second quarter were strong with our retail sales department leading the way. We closed escrow on over $2.7 million in real estate transactions for a gross profit of close to 500k. The asset managers and foreclosure department are continuing to turn our non-performing loans into homes that we can list and […]

We had a robust quarter in our Notes Department, selling 33 notes for a gross profit margin of approximately $700k. Our Retail Department also had a very busy quarter, reflected in their strong sales. They closed 130 transactions and many more properties are in escrow. This past May, Stonecrest attended the Mortgage Banking Secondary Conference […]

Performance Report: As of 6/30/14 : Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 80 Gross loan portfolio dollars: $20,203,109(84% in 1st and 16% in 2nd position) Average loan-to-value: 47.80%* Average loan amount: $252,539 *calculated when loans are initially funded Featured Asset: This 1,546 sqft one-story, single family home has 3 bedrooms and […]

Performance Report: As of 3/31/14 : First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 67 Gross loan portfolio dollars: $16,928,981 (91.98% in 1st and 8.02% in 2nd position) Average loan-to-value: 48.12%* Average loan amount: $252,671 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located at 22 […]

Stonecrest Income & Opportunity Fund-1 is continuing to market various segments of our loan portfolio, as evidenced by a recent transaction where we sold both land contract and modified loan pools to the same buyer. One of our sales strategies for SIOF is to group the fund’s assets so that they share similar profiles, such […]

Performance Report: As of 03/31/14: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 87 • Gross loan portfolio dollars: $35,052,535 (59.95% in 1st and 40.05% in 2nd position) • Average loan-to-value: 44.06%* • Average loan amount: $402,903 *calculated when loans are initially funded Featured Asset: su_spacer size=”5″] Our featured […]

During the final two quarters of 2013, Capital Income & Growth Fund acquired a significant number of non-performing loans and REO properties for the portfolio. Because of this, our asset managers have been very focused on resolving as many assets as possible during the first quarter of 2014. Retail REO sales, note sales, and loan […]

The Stonecrest Income & Opportunity Fund-1 marketed part of our land contract inventory and received three bids from qualified bidders. At the very end of December, we closed the first tranche (eighty-five) of a trade with a firm from Texas. We expect to close a second tranche with them shortly. We will be marketing, cleaning […]

Performance Report: As of 12/31/13: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 94 • Gross loan portfolio dollars: $36,546,028 (64.34% in 1st and 35.66% in 2nd position) • Average loan-to-value: 43.67%* • Average loan amount: $388,788 *calculated when loans are initially funded Featured Asset: The featured property this […]

Performance Report: As of 12/31/13: Fourth quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 59 Gross loan portfolio dollars: $15,176,351 (96.9% in 1st and 3.1% in 2nd position) Average loan-to-value: 48.25%* Average loan amount: $257,226 *calculated when loans are initially funded Featured Asset: Our featured property this quarter is located in an […]

Stonecrest’s Capital Income & Growth Fund was able to negotiate and close a large trade of non-performing notes from Citibank at the end of the fourth quarter. These loans were spread throughout the country with a concentration in both Texas and Florida. It is a very good pool and we are happy with the negotiated […]

Stonecrest was able to negotiate and close on a large pool of non-performing notes during the third quarter. We purchased these assets from a hedge fund that was closing out their fund and needed cash to distribute to their partners. Additionally we were able to win the bid for a pool of fifty loans from […]

Performance Report: as of 9/30/13  Third quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 46 Gross loan portfolio dollars: $11,029,203 (100% in 1st and 0% in 2nd position) Average loan-to-value: 46.68%* Average loan amount: $239,765 *calculated when loans are initially funded  Featured Asset: Our featured property this quarter is a multi- tenant […]

The Stonecrest Income & Opportunity Fund-1 had another solid quarter with profits derived mainly from our retail real estate and non-performing notes sales. We continue to create our own real estate inventory by either foreclosing or convincing borrowers to deed their properties over to us in lieu of foreclosure. One of the most challenging parts […]

Performance Report: As of  06/30/13: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 100 • Gross loan portfolio dollars: $38,888,126 (66.44% in 1st and 33.56% in 2nd position) • Average loan-to-value: 43.02%* • Average loan amount: $388,881 *calculated when loans are initially funded Featured Asset: The featured property this […]

The asset managers for Stonecrest’s Capital Income & Growth Fund are continuing to have success with their strategy of convincing borrowers to deed us their properties rather than go through foreclosure. Typically, borrowers are more than willing to follow this path because they prefer to avoid foreclosure. However, sometimes there are other liens against their […]

Performance Report: as of 6/30/13 Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 40 Gross loan portfolio dollars: $10,243,972 (100% in 1st and 0% in 2nd position) Average loan-to-value: 44.94%* Average loan amount: $271,435 *calculated when loans are initially funded  Featured Asset: Our featured property this month is a medical office […]

We’ve experienced a very solid second quarter with the asset managers making progress on the non-performing loans they are working out with borrowers. We purchased a handful of smaller pools of non-performing notes in the second quarter and have recently bid on a few larger packages. Even the most difficult loans have returned dividends so […]

Performance Report: As of  03/31/13: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 108 • Gross loan portfolio dollars: $36,472,298 (64.8% in 1st and 35.2% in 2nd position) • Average loan-to-value: 42.68%* • Average loan amount: $337,706 *calculated when loans are initially funded Featured Asset: Our featured property this […]

The real estate market continues to improve in most parts of the country with the Bay Area being one of the brighter markets. This fact increases the value of our land contracts and non-performing notes by increasing the underlying value of the real estate. Our asset managers have been working away at the large Citibank […]

Performance Report: as of 3/31/13 First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 25 Gross loan portfolio dollars: $7,743,025 (100% in 1st and 0% in 2nd position) Average loan-to-value: 38.64%* Average loan amount: $309,721 *calculated when loans are initially funded  Featured Asset: Our featured property this quarter is a Victorian style, […]

The real estate market continues to improve in most parts of the country with the Bay Area being one of the brighter markets. Stonecrest has been working to improve the positioning of our land contracts for their eventual sale next year. The increasing values across the country will help us attain a solid price for […]