by Erika Luitjens | Dec 31, 2015 | Fund News, SIOF Quarterly Newsletter
The Stonecrest Income & Opportunity Fund-1, which was opened in March of 2009 in order to take advantage of the severe downturn in the real estate market, has finally closed. Even though the types of real estate, mortgages and the sellers we faced changed over the...
by Erika Luitjens | Nov 3, 2015 | Fund News, SIOF Quarterly Newsletter
When we started the Stonecrest Income & Opportunity Fund in 2009, we believed that the window to purchase distressed real estate assets would last approximately five or six years. However, we now believe that the opportunity to purchase these types of assets will...
by Erika Luitjens | Jul 5, 2015 | Fund News, SIOF Quarterly Newsletter
The national real estate market continues to improve and the demand for housing is increasing. Investors looking for consistently higher paying investments than what they can find with comparable fixed income investments are turning to performing modified loans. This...
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 | 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 | Nov 7, 2014 | Fund News, SIOF Quarterly Newsletter
The Stonecrest Income & Opportunity Fund-1 continued to liquidate assets throughout the third quarter. We sold eight separate pools of assets. We are selling performing notes, non-performing notes, loans in bankruptcy, high and low value REO’s, etc....