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 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,
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
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
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 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
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,
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
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
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