by Erika Luitjens | Jan 15, 2020 | Fund News, SIF Quarterly Newsletter
Performance Report: As of 12/31/19: Year-to-date annualized return: 7.30% Number of loans: 177 Gross loan portfolio dollars: $166,724,487 (71.30% in 1st and 28.70% in 2nd position) Average loan-to-value: 51.32%* Average loan amount: $941,946 Number of Counties: 26...
by Erika Luitjens | Jan 15, 2020 | Fund News, SRF Quarterly Newsletter
We originally anticipated liquidating all of the assets in SRF by the end of 2019. Unfortunately, there are a number of larger assets that we could not sell yet; are caught up in the foreclosure/bankruptcy process or tied up in escrows that have yet to close. We are...
by Erika Luitjens | Jan 15, 2020 | Fund News, REGF Quarterly Newsletter
Our company was founded on the market opportunities associated with the acquisition & disposition of distressed real estate. In 2007, when the great recession occurred, we began purchasing lender-owned properties (REO’s) from banks, servicers, hedge funds, etc. We...
by Erika Luitjens | Oct 24, 2019 | Fund News, PCF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 9/30/19: • Year-to-date annualized return: 7.2% • Number of loans:38 • Gross loan portfolio dollars: $26,253,673 (58% in 1st and 42% in 2nd position) • Average loan-to-value: 49.89%* • Average loan amount:...
by Erika Luitjens | Oct 24, 2019 | Fund News, SIF Quarterly Newsletter
[su_spacer size=”10″]Performance Report: As of 9/30/19: Year-to-date annualized return: 7.32% Number of loans: 175 Gross loan portfolio dollars: $151,469,243 (69.0% in 1st and 31.0% in 2nd position) Average loan-to-value: 50.53%* Average loan amount: ...
by Erika Luitjens | Oct 15, 2019 | Fund News, SRF Quarterly Newsletter
Stonecrest has been actively marketing and selling Strategic Realty Fund’s remaining assets, comprised of both non-performing loans and REO’s. Though we have made good progress, some real estate areas of the country are experiencing a slow down in activity, with...
