Fund Type: Distressed Real Estate and Non-Performing Mortgage Loans
Fund inception: 2014 (fully subscribed)
Using our unique expertise and carefully crafted niche within the Non Performing Mortgage Loan (NPML) and Real Estate Owned (REO) markets, we invest in moderate to higher income assets located throughout the United States. Our Investment strategy is either to sell these assets quickly for cash, carry back financing, modify notes, or implement other exit strategies to maximize returns for our investors.
How it Works
Asset acquisition through national Loan servicers and Lenders: The manager has unique relationships with national loan servicers, lenders, hedge fund managers, and auction houses, etc. who understand the strict seller profile and low price requirements set by Stonecrest.
Property Disposition: After acquisition, Stonecrest will use various strategies to bring these assets to an exit. Some of the methods we use include: loan modification, foreclosures, deeds in lieu, realtor cash sales, carry-back financing, payments, short sales/sales of mortgage, rehab and retail sales.
Liquidation of all assets: Our strategy will be carried out over a 48 month period. We will be improving and liquidating all assets during the life of the fund and they will be marketed and sold when advantageous to the fund, but no later than 6 months prior to the end of the life of the fund. Mortgages will be sold into the private investor/secondary markets. Stonecrest plans to generate an all-cash price on each mortgage for 60-70% of its face value. Our goal is to generate as much cash for the Fund as possible and to liquidate, distribute all cash, and terminate the Fund within 48 months of fund inception.
- A steady dividend combined with great growth potential.
- Higher-than-average returns.
- Participation in a diversified portfolio containing real estate from all over the U.S.
- An opportunity to benefit from this unique marketplace.
- Professional, full-service account management.
|Preferred Interests Offered||4,000|
|Price per Preferred Interest||$5,000|
|Maximum Offering Amount||$20,000,000|
|Anticipated Return||15-20% 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||4 years|
We originally anticipated liquidating all of the assets in SRF by the Read More...Posted on 01/15/2020
Stonecrest has been actively marketing and selling Strategic Realty Fund’s remaining assets, Read More...Posted on 10/15/2019
Since the Fed last decided to raise interest rates, economic growth has Read More...Posted on 08/15/2019
Overall, sales in the real estate market were slow during the first Read More...Posted on 04/30/2019
After studying the nationwide real estate market very closely, we believe the Read More...Posted on 01/31/2019
Strategic Realty Fund had a solid 3rd quarter, selling 20 properties and Read More...Posted on 11/01/2018
Strategic Realty Fund has been acquiring vacant properties that require relatively minimal Read More...Posted on 07/30/2018
Strategic Realty Fund sold thirty-five properties and thirty four notes in the Read More...Posted on 05/22/2018
In the fourth quarter, Stonecrest’s real estate disposition team was able to Read More...Posted on 02/15/2018
Our Non-Performing Notes department was active in the third quarter and sold Read More...Posted on 11/14/2017
|Performance Since Inception|
|Annualized Return||Final annualized Rate of Return to be determined at the end of the fund.|
|Land Contracts Summary|
|Face Value of Notes:||$184,540|
|Non-performing Notes Summary|
|Cost of notes:||$7,613,755|
|Modified Notes Summary|