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:...
by Pat Garvey | Oct 15, 2013 | Fund News, SIOF Quarterly Newsletter
The Stonecrest Income & Opportunity Fund-1 had another solid quarter with profits derived mainly from our retail real estate and non-performing notes sales. We continue to create our own real estate inventory by either foreclosing or convincing borrowers to deed...
by Pat Garvey | Jul 17, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: as of 6/30/13 Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 40 Gross loan portfolio dollars: $10,243,972 (100% in 1st and 0% in 2nd position) Average loan-to-value:...
by Pat Garvey | Jul 15, 2013 | Fund News, SIOF Quarterly Newsletter
We’ve experienced a very solid second quarter with the asset managers making progress on the non-performing loans they are working out with borrowers. We purchased a handful of smaller pools of non-performing notes in the second quarter and have recently bid on a few...
by Pat Garvey | Apr 17, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: as of 3/31/13 First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 25 Gross loan portfolio dollars: $7,743,025 (100% in 1st and 0% in 2nd position) Average loan-to-value:...
