by Erika Luitjens | Mar 5, 2015 | CIG Quarterly Newsletter, Fund News
The fourth quarter was an active one for Stonecrest’s Capital Income & Growth Fund, with both the acquisition and sales departments involved in multiple trades. The national market for real estate sales overall is still good and we were able to sell eighty six...
by Erika Luitjens | Nov 7, 2014 | CIG Quarterly Newsletter, Fund News
Stonecrest’s Capital Income & Growth Fund had another strong quarter with continued growth coming from sales in most of our segments. In particular, the Retail, Land Contracts, and Notes departments did well. Nationally, the overall resale market to individuals,...
by Erika Luitjens | Jul 31, 2014 | CIG Quarterly Newsletter, Fund News
The results for the second quarter were strong with our retail sales department leading the way. We closed escrow on over $2.7 million in real estate transactions for a gross profit of close to 500k. The asset managers and foreclosure department are continuing to turn...
by Erika Luitjens | Apr 25, 2014 | CIG Quarterly Newsletter, Fund News
During the final two quarters of 2013, Capital Income & Growth Fund acquired a significant number of non-performing loans and REO properties for the portfolio. Because of this, our asset managers have been very focused on resolving as many assets as possible...
by Erika Luitjens | Jan 25, 2014 | CIG Quarterly Newsletter, Fund News
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...
by Erika Luitjens | Oct 25, 2013 | CIG Quarterly Newsletter, Fund News
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...
