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Fund News: Stonecrest Income & Opportunity Fund I – Q4 2013
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...
Fund News: Private Capital Fund – Q4 2013
[su_spacer size="10"]Performance Report: As of 12/31/13: • Fourth quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 94 • Gross loan portfolio dollars: $36,546,028 (64.34% in 1st and 35.66% in 2nd position) • Average loan-to-value:...
Fund News: Secured Income Fund – Q4 2013
[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: 48.25%*...
Fund News: Capital Income and Growth Fund – Q4 2013
Stonecrest’s Capital Income & Growth Fund was able to negotiate and close a large trade of non-performing notes from Citibank at the end of the fourth quarter. These loans were spread throughout the country with a concentration in both Texas and Florida. It is a...
Fund News: Capital Income and Growth Fund – Q3 2013
Stonecrest was able to negotiate and close on a large pool of non-performing notes during the third quarter. We purchased these assets from a hedge fund that was closing out their fund and needed cash to distribute to their partners. Additionally we were able to win...
Fund News: Secured Income Fund – Q3 2013
[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: 46.68%* Average...