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Fund News: Secured Income Fund – Q1 2015
[su_spacer size="10"]Performance Report: As of 3/31/15: First quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 92 Gross loan portfolio dollars: $30,432,165(77.69% in 1st and 22.31% in 2nd position) Average loan-to-value: 44.42%*...
Fund News: Capital Income and Growth Fund – Q1 2015
Considering the harsh winter that we had in the mid west and eastern parts of the country, our sales of houses did well. We sold forty-nine properties over the quarter. Now that spring has arrived, the market is thawing. We are extremely busy with sales activity...
Fund News: Stonecrest Income & Opportunity Fund I – Q1 2015
As we mentioned last quarter, we made the strategic decision to resolve the rest of our assets and sell for maximum (or higher) profits rather than liquidating them at a discount. During the first quarter of 2015, we were able to sell or dispose of a number of low...
Fund News: Private Capital Fund – Q1 2015
[su_spacer size="10"]Performance Report: As of 3/31/15: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 73 • Gross loan portfolio dollars: $38,728,983 (79.37% in 1st and 20.63% in 2nd position) • Average loan-to-value:...
Fund News: Stonecrest Strategic Realty Fund – Q1 2015
The acquisition department was busy in the first quarter purchasing 116 REO’s (versus 27 last quarter), and another pool of non-performing assets from Nationstar. The fund has been purchasing mainly Bank of America assets but cemented another relationship to purchase...
Fund News: Stonecrest Income & Opportunity Fund I – Q4 2014
We have slightly modified the Stonecrest Income & Opportunity Fund-1 strategy in order to maximize our returns on pools of Land Contracts, Modified Loans and Non-performing Notes. We had previously been marketing them under their main ‘type’ - but now we are...