by Erika Luitjens | Jan 15, 2020 | Fund News, SIF Quarterly Newsletter
Performance Report: As of 12/31/19: Year-to-date annualized return: 7.30% Number of loans: 177 Gross loan portfolio dollars: $166,724,487 (71.30% in 1st and 28.70% in 2nd position) Average loan-to-value: 51.32%* Average loan amount: $941,946 Number of Counties: 26...
by Erika Luitjens | Jan 15, 2020 | Fund News, SRF Quarterly Newsletter
We originally anticipated liquidating all of the assets in SRF by the end of 2019. Unfortunately, there are a number of larger assets that we could not sell yet; are caught up in the foreclosure/bankruptcy process or tied up in escrows that have yet to close. We are...
by Erika Luitjens | Jan 15, 2020 | Fund News, REGF Quarterly Newsletter
Our company was founded on the market opportunities associated with the acquisition & disposition of distressed real estate. In 2007, when the great recession occurred, we began purchasing lender-owned properties (REO’s) from banks, servicers, hedge funds, etc. We...
by Erika Luitjens | Dec 16, 2019 | Company events
On December 5th, 2019, we celebrated the holidays with our investors at our annual appreciation party at the Plumed Horse in Saratoga. Thank you to all who came out to celebrate another year with the Stonecrest family! We’ve been running our real estate strategies in...
by Erika Luitjens | Dec 16, 2019 | Company events
On December 5th, 2019, we celebrated the holidays with our investors at our annual appreciation party at the Plumed Horse in Saratoga. Thank you to all who came out to celebrate another year with the Stonecrest family! We’ve been running our real estate strategies in...
