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...
by Pat Garvey | Oct 17, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[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:...
by Pat Garvey | Oct 15, 2013 | Fund News, SIOF Quarterly Newsletter
The Stonecrest Income & Opportunity Fund-1 had another solid quarter with profits derived mainly from our retail real estate and non-performing notes sales. We continue to create our own real estate inventory by either foreclosing or convincing borrowers to deed...
by Erika Luitjens | Jul 25, 2013 | Company News, Fund News, SIF Quarterly Newsletter
[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...
by Erika Luitjens | Jul 25, 2013 | CIG Quarterly Newsletter, Fund News
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...
