by Erika Luitjens | May 1, 2015 | Fund News, SRF Quarterly Newsletter
The acquisition department was busy in the first quarter purchasing 116 REO’s (versus 27 last quarter), and another pool of non-performing assets from Nationstar. The fund has been purchasing mainly Bank of America assets but cemented another relationship to purchase...
by Erika Luitjens | Mar 5, 2015 | Fund News, SIOF Quarterly Newsletter
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...
by Erika Luitjens | Mar 5, 2015 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 12/31/14 : Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 80 Gross loan portfolio dollars: $25,258,409(87.29% in 1st and 12.71% in 2nd position) Average...
by Erika Luitjens | Mar 5, 2015 | CIG Quarterly Newsletter, Fund News
The fourth quarter was an active one for Stonecrest’s Capital Income & Growth Fund, with both the acquisition and sales departments involved in multiple trades. The national market for real estate sales overall is still good and we were able to sell eighty six...
by Erika Luitjens | Mar 5, 2015 | Company News, Fund News, PCF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 12/31/14: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 80 • Gross loan portfolio dollars: $35,844,551 (69.96% in 1st and 30.94% in 2nd position) • Average...
