[su_spacer size=”10″]

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

[su_spacer size=”10″]

Featured Asset:

[su_spacer size=”5″]
Our featured property this quarter is located in an apartment/condo/townhouse complex at 1511 Jefferson Street, in Oakland, California.
Built in 2007, the entire complex is a 75,584sqft property sitting on a .57 acre lot. It has 5 levels and consists of 78 units and a parking garage. Our loan is for a 1327sqft, 2-bedroom, 2-bathroom condo within the complex. Our borrower wanted to add the subject condo to her portfolio as a rental investment property. The purchase price was $330k and she was seeking a new loan of $245k. This would put us close to 75% loan-to-value, which was a bit too high. We asked to cross collateralize with another investment rental property in her portfolio located at 1281 Lakeview Circle in Pittsburg, California, that was valued at $120k. The Pittsburg property was free and clear of any liens. The cross collateralization brought our loan-to-value in line at 55% and made the Oakland property a good deal for the fund.
[su_spacer size=”20″]

Property Types:

[su_spacer size=”10″]

Past 12 months Annualized Returns:

[su_spacer size=”10″]

[table id=15 /]

The owner of this website has made a commitment to accessibility and inclusion, please report any problems that you encounter using the contact form on this website. This site uses the WP ADA Compliance Check plugin to enhance accessibility.