by Erika Luitjens | May 1, 2015 | CIG Quarterly Newsletter, Fund News
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...
by Erika Luitjens | May 1, 2015 | Fund News, SIOF Quarterly Newsletter
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...
by Erika Luitjens | May 1, 2015 | Company News, Fund News, PCF Quarterly Newsletter
[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...
by Erika Luitjens | May 1, 2015 | Fund News, SRF Quarterly Newsletter
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...
by Erika Luitjens | Mar 5, 2015 | Fund News, SIOF Quarterly Newsletter
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...
by Erika Luitjens | Mar 5, 2015 | Company News, Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 12/31/14 : Second quarter average return: 7.75% Year-to-date annualized return: 7.75% Number of loans: 80 Gross loan portfolio dollars: $25,258,409(87.29% in 1st and 12.71% in 2nd position) Average...
