by Erika Luitjens | Oct 25, 2013 | CIG Quarterly Newsletter, Fund News
Stonecrest was able to negotiate and close on a large pool of non-performing notes during the third quarter. We purchased these assets from a hedge fund that was closing out their fund and needed cash to distribute to their partners. Additionally we were able to win...
by Erika Luitjens | Jul 25, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 06/30/13: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 100 • Gross loan portfolio dollars: $38,888,126 (66.44% in 1st and 33.56% in 2nd position) • Average...
by Erika Luitjens | Jul 25, 2013 | CIG Quarterly Newsletter, Fund News
The asset managers for Stonecrest’s Capital Income & Growth Fund are continuing to have success with their strategy of convincing borrowers to deed us their properties rather than go through foreclosure. Typically, borrowers are more than willing to follow this...
by Erika Luitjens | Apr 25, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 03/31/13: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 108 • Gross loan portfolio dollars: $36,472,298 (64.8% in 1st and 35.2% in 2nd position) • Average...
by Erika Luitjens | Apr 25, 2013 | CIG Quarterly Newsletter, Fund News
The real estate market continues to improve in most parts of the country with the Bay Area being one of the brighter markets. This fact increases the value of our land contracts and non-performing notes by increasing the underlying value of the real estate. Our asset...
