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Fund News: Private Capital Fund – Q2 2013
[su_spacer size="10"]Performance Report: As of 06/30/13: • Second quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 100 • Gross loan portfolio dollars: $38,888,126 (66.44% in 1st and 33.56% in 2nd position) • Average...
Fund News: Capital Income and Growth Fund – Q2 2013
The asset managers for Stonecrest’s Capital Income & Growth Fund are continuing to have success with their strategy of convincing borrowers to deed us their properties rather than go through foreclosure. Typically, borrowers are more than willing to follow this...
Fund News: Secured Income Fund – Q2 2013
[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: 44.94%* Average...
Fund News: Stonecrest Income & Opportunity Fund I – Q2 2013
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...
Fund News: Private Capital Fund – Q1 2013
[su_spacer size="10"]Performance Report: As of 03/31/13: • First quarter average return: 7.2% • Year-to-date annualized return: 7.2% • Number of loans: 108 • Gross loan portfolio dollars: $36,472,298 (64.8% in 1st and 35.2% in 2nd position) • Average loan-to-value:...
Fund News: Capital Income and Growth Fund – Q1 2013
The real estate market continues to improve in most parts of the country with the Bay Area being one of the brighter markets. This fact increases the value of our land contracts and non-performing notes by increasing the underlying value of the real estate. Our asset...