Fund Type: Distressed Real Estate
Fund inception: 2009 (fund dissolved as of 12/31/2015 )
During the housing market collapse, Stonecrest recognized the value of investing in distressed real estate. The Stonecrest Income and Opportunity Fund invests in residential REO properties located in low-income communities throughout the United States. Our strategy is to maximize the Fund’s assets by investing in as many homes as possible during the period the Fund remains active. Our aim is to secure low purchase prices and then provide financing or resell each property quickly for cash.
How it Works
Properties are acquired in bulk packages via Stonecrest’s nationwide network of qualified lenders, loan servicing companies, and government agencies. Following acquisition, we execute resell strategies in wholesale or retail markets. Between the 4th and 5th year of the Fund, 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 80% of its face value. We anticipate liquidating all properties and mortgages and distributing cash and other assets to investors within five years.
- Steady dividends in combination with superior growth potential.
- Strong, national network of industry professionals to move properties quickly and profitably.
- Participation in a diversified portfolio of real estate from all over the U.S.
- Professional, full-service account management.
- Involvement in a fund that helps low-income families own their own homes, often for less than it would cost them to rent.
|Preferred Interests Offered||4,000|
|Price per Preferred Interest||$5,000|
|Maximum Offering Amount||$20,000,000|
|Anticipated Return||20% - 30% Annually|
|Preferred Return||8% Annually|
|Annual Dividend Paid (Paid Quarterly)||5%|
|Final Distributions||100% Members and 0% Manager until Members receive 100% of original invested capital, then 50% Members - 50% Manager as long as Members receive a minimum of 8% preferred return.|
|Expected Offering Expenses||$50,000|
|Term of Fund||5 years|
The Stonecrest Income & Opportunity Fund-1, which was opened in March of Read More...Posted on 12/31/2015
When we started the Stonecrest Income & Opportunity Fund in 2009, we Read More...Posted on 11/03/2015
The national real estate market continues to improve and the demand for Read More...Posted on 07/05/2015
As we mentioned last quarter, we made the strategic decision to resolve Read More...Posted on 05/01/2015
We have slightly modified the Stonecrest Income & Opportunity Fund-1 strategy in Read More...Posted on 03/05/2015
The Stonecrest Income & Opportunity Fund-1 continued to liquidate assets throughout the third Read More...Posted on 11/07/2014
We had a robust quarter in our Notes Department, selling 33 notes Read More...Posted on 07/31/2014
Stonecrest Income & Opportunity Fund-1 is continuing to market various segments of Read More...Posted on 04/30/2014
The Stonecrest Income & Opportunity Fund-1 marketed part of our land contract Read More...Posted on 04/25/2014
The Stonecrest Income & Opportunity Fund-1 had another solid quarter with profits Read More...Posted on 10/15/2013
|Performance Since Inception|
|Land Contracts Summary|
|Face Value of Notes||$2,277,765|
|Non-performing Notes Summary|
|Cost of notes:||$11,933,668|
|Modified Notes Summary|