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Fund News: Secured Income Fund – Q4 2020
Performance Report: Year-to-date annualized return: 7.09% Number of loans: 161 Gross loan portfolio dollars: $161,766,022 (81.01% in 1st and 18.99% in 2nd position) Average loan-to-value: 50.60%* Average loan amount: $1,004,757 Number of Counties: 25 *calculated when...
Fund News: Stonecrest’s Real Estate Growth Fund – Q4 2020
Stonecrest’s Real Estate Growth Fund is scheduled to close in 2021 and management has decided to make an early distribution of capital, which is reflected in your enclosed statement. The fund was established to take advantage of the pool of distressed properties and...
Fund News: Stonecrest’s Strategic Realty Fund – Close Out Report
With a lot of work and persistence, Stonecrest was able to liquidate all remaining properties and non-performing loans (NPL’s) in SRF’s portfolio. Due to Covid-19 restrictions on both state and national levels, we were barred from finalizing most of our in-process...
Fund News: Stonecrest’s Real Estate Growth Fund – Q3 2020
Stonecrest's real estate team was able to liquidate seventeen properties in the third quarter. Additionally, we have nine properties currently in escrow. Some of these higher margin assets have finally had their title issues resolved, or been freed from litigation, so...
Fund News: Secured Income Fund – Q3 2020
Performance Report: Year-to-date annualized return: 7.12% Number of loans: 174 Gross loan portfolio dollars: $172,845,307 (75.13% in 1st and 24.87% in 2nd position) Average loan-to-value: 58.41%* Average loan amount: $993,363 Number of Counties: 26 *calculated when...
Fund News: Secured Income Fund – Q2 2020
Performance Report: Year-to-date annualized return: 7.11% Number of loans: 167 Gross loan portfolio dollars: $166,786,288 (72.33% in 1st and 27.67% in 2nd position) Average loan-to-value: 49.60%* Average loan amount: $998,720 Number of Counties: 24 *calculated when...