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Fund News: Stonecrest Strategic Realty Fund – Q4 2015
A late winter in the East helped us to sell forty properties from the retail division, garnering a solid gross profit. We were also able to sell eleven modified loans and increase the number of land contracts in our portfolio to forty-four. In late February, we will...
Fund News: Stonecrest Income & Opportunity Fund I – Close-Out Report
The Stonecrest Income & Opportunity Fund-1, which was opened in March of 2009 in order to take advantage of the severe downturn in the real estate market, has finally closed. Even though the types of real estate, mortgages and the sellers we faced changed over the...
Fund News: Stonecrest Strategic Realty Fund – Q3 2015
Stonecrest’s Strategic Realty Fund had a strong third quarter with the REO department selling 29 properties and our Asset Management team selling 13 notes and modifying 8 others. I expect SRF to also have a strong fourth quarter as many of the assets that were...
Fund News: Stonecrest Income & Opportunity Fund I – Q3 2015
When we started the Stonecrest Income & Opportunity Fund in 2009, we believed that the window to purchase distressed real estate assets would last approximately five or six years. However, we now believe that the opportunity to purchase these types of assets will...
Fund News: Capital Income and Growth Fund – Q3 2015
The Capital Income and Growth Fund had a busy third quarter, selling 49 properties, 12 notes, and modifying 8 delinquent loans. We are still seeing plenty of opportunities for investing in discounted real estate and mortgages. In fact, the number of assets for sale...
Stonecrest Company Picnic 2015
We had our annual picnic for employees, family and friends of Stonecrest on August 7th at Cuesta Park. This year's theme was Mexican fiesta. The day was filled with great food, games, laughter and great company. Everyone enjoyed the salsa bar, bbq and the freshly...