by Erika Luitjens | Jan 29, 2021 | Fund News, SRF Quarterly Newsletter
With a lot of work and persistence, Stonecrest was able to liquidate all remaining properties and non-performing loans (NPL’s) in SRF’s portfolio. Due to Covid-19 restrictions on both state and national levels, we were barred from finalizing most of our in-process...
by Erika Luitjens | Oct 9, 2020 | Fund News, REGF Quarterly Newsletter
Stonecrest’s real estate team was able to liquidate seventeen properties in the third quarter. Additionally, we have nine properties currently in escrow. Some of these higher margin assets have finally had their title issues resolved, or been freed from...
by Erika Luitjens | Oct 9, 2020 | Fund News, SIF Quarterly Newsletter
Performance Report: Year-to-date annualized return: 7.12% Number of loans: 174 Gross loan portfolio dollars: $172,845,307 (75.13% in 1st and 24.87% in 2nd position) Average loan-to-value: 58.41%* Average loan amount: $993,363 Number of Counties: 26 *calculated when...
by Erika Luitjens | Jul 27, 2020 | Fund News, SIF Quarterly Newsletter
Performance Report: Year-to-date annualized return: 7.11% Number of loans: 167 Gross loan portfolio dollars: $166,786,288 (72.33% in 1st and 27.67% in 2nd position) Average loan-to-value: 49.60%* Average loan amount: $998,720 Number of Counties: 24 *calculated when...
by Erika Luitjens | Jul 26, 2020 | Fund News, SRF Quarterly Newsletter
The Covid-19 pandemic is having an interesting effect on the real estate market. Mending from a sharp drop in activity, the real estate market has begun to heat up (since mid-May) as inventory remains low. This is a reflection of both the release of pent-up demand and...
