Fund Type: Distressed Real Estate & Non-Performing Mortgage Loans
Fund inception: 2012 ( fund dissolved as of 12/31/2017)
Stonecrest has built a niche within the Non-Performing Mortgage Loan (NPML) and Real Estate Owned (REO) markets. We invest in moderate income assets throughout the United States and the Capital Income and Growth Fund gives our investors the opportunity to benefit from this unique marketplace. Exit strategies are diverse and ensure maximized returns for our investors.
How it Works
Our strategy is carried out over a 42-month period and includes acquisition, property disposition, and liquidation of all assets. Stonecrest maintains a unique relationship with lenders, hedge fund managers, and loan servicers nationwide. Our partners understand the strict seller profiles and low price requirements set by Stonecrest. After acquisition, we employ diverse strategies for property disposition including loan modification, foreclosure, deed in lieu, realtor cash sales, carryback financing, payments, or short sales/sale of mortgage. During or prior to the 30th month, we continue to purchase assets for resale while ceasing the creation of new land sale contracts and mortgages. We sell the equity in land sale contracts and notes secured by deeds of trust or mortgages. Mortgages are sold into the private investor and secondary markets. Stonecrest strives to generate an all-cash price on each mortgage for up to 70% of its face value. All contracts are sold, the Fund is liquidated, and all cash distributed, between the 30th and 42nd months of the Fund.
- Steady dividends in combination with superior growth potential.
- Higher-than-average returns.
- Participation in a diversified portfolio containing real estate from all over the U.S.
- Professional, full-service account management.
|Preferred Interests Offered||4,000|
|Price per Preferred Interest||$5,000|
|Maximum Offering Amount||$20,000,000|
|Anticipated Return||20-25% Annually|
|Preferred Return||10% for Investors, in first $10M; 8% for investors who join the fund afterwards.|
|Annual Dividend Paid (Paid Quarterly)||5%|
|Final Distributions||50% to Members and 50% to Manager|
|Fund Set-up Expenses||$50,000|
|Term of Fund||3.5 years|
With this newsletter, you will receive your final distribution for the Capital Read More...Posted on 02/15/2018
Our real estate sales department was very active in the third quarter, Read More...Posted on 11/14/2017
The real estate market across most of the United States has been Read More...Posted on 07/30/2017
Sales of real estate slows during the winter months, especially in the Read More...Posted on 05/05/2017
The Capital Income & Growth Fund will be winding down in 2017, Read More...Posted on 12/31/2016
For the third quarter, our sales team was able to liquidate thirty Read More...Posted on 09/30/2016
In addition to the REO purchases from auction companies, Stonecrest’s Capital Income Read More...Posted on 07/15/2016
The number of REO assets that are available for auction has remained steady, Read More...Posted on 05/01/2016
Due to the late onset of winter in the East, Stonecrest’s Capital Read More...Posted on 01/31/2016
The Capital Income and Growth Fund had a busy third quarter, selling Read More...Posted on 11/03/2015
|Performance Since Inception|
|Land Contracts Summary|
|Face Value of Notes:||$346,404|
|Non-performing Notes Summary|
|Cost of notes:||$11,277,104|
|Modified Notes Summary|