by Pat Garvey | Jun 17, 2014 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 3/31/14 : First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 67 Gross loan portfolio dollars: $16,928,981 (91.98% in 1st and 8.02% in 2nd position) Average...
by Pat Garvey | Apr 30, 2014 | Fund News, SIOF Quarterly Newsletter
Stonecrest Income & Opportunity Fund-1 is continuing to market various segments of our loan portfolio, as evidenced by a recent transaction where we sold both land contract and modified loan pools to the same buyer. One of our sales strategies for SIOF is to group...
by Pat Garvey | Apr 25, 2014 | Fund News, SIOF Quarterly Newsletter
The Stonecrest Income & Opportunity Fund-1 marketed part of our land contract inventory and received three bids from qualified bidders. At the very end of December, we closed the first tranche (eighty-five) of a trade with a firm from Texas. We expect to close a...
by Pat Garvey | Jan 25, 2014 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 12/31/13: Fourth quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 59 Gross loan portfolio dollars: $15,176,351 (96.9% in 1st and 3.1% in 2nd position) Average loan-to-value:...
by Pat Garvey | Oct 17, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: as of 9/30/13 Third quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 46 Gross loan portfolio dollars: $11,029,203 (100% in 1st and 0% in 2nd position) Average loan-to-value:...