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Fund News: Stonecrest Strategic Realty Fund – Q4 2017
In the fourth quarter, Stonecrest’s real estate disposition team was able to sell thirty assets, while the non-performing notes department sold thirty-five, most of which were modified notes. The larger bank and institutional sellers have expanded the number of...
Fund News: Capital Income and Growth Fund,LLC – Close-Out Report
With this newsletter, you will receive your final distribution for the Capital Income & Growth Fund, LLC. We opened the fund in 2014 in order to continue to take advantage of real estate market opportunities. The fund officially closed on March 31st, 2017, and...
Fund News: Stonecrest’s Real Estate Growth Fund – Q4 2017
Stonecrest’s Real Estate Growth Fund has been actively purchasing properties and non-performing notes. The majority of the purchased properties have been vacant, which is facilitating a quicker rehabilitation and sale. This is despite the harsh winter in the Midwest...
Stonecrest Lends a Hand
Stonecrest employees enjoyed a Friday out of the office last week to participate in some volunteer work. Partnering with Habitat for HumanityEast Bay/Silicon Valley, the Stonecrest team pitched in on two “neighborhood revitalization” projects, doing renovation &...
Fund News: Stonecrest’s Real Estate Growth Fund – Q3 2017
Stonecrest has raised over $11,000,000 so far in the Real Estate Growth Fund. We have been able to deploy the capital purchasing REO property mainly from Wells Fargo, Freddie Mac and a large east coast servicer. We’ve used these funds to purchase over seventy-five...
Fund News: Capital Income and Growth Fund – Q3 2017
Our real estate sales department was very active in the third quarter, selling forty-two properties and working towards liquidating the rest of Capital Income & Growth Fund by the end of this year. We still have a handful of non-performing notes that are in...