by Erika Luitjens | May 1, 2016 | Fund News, SRF Quarterly Newsletter
Strategic Realty Fund sold twenty-four REO’s, sixteen mortgages and modified seven loans for a busy, productive quarter. We are also active in purchasing REO’s from our auction partners as well as purchasing non-performing mortgages from Clearview Capital and...
by Erika Luitjens | Jan 31, 2016 | Fund News, SRF Quarterly Newsletter
A late winter in the East helped us to sell forty properties from the retail division, garnering a solid gross profit. We were also able to sell eleven modified loans and increase the number of land contracts in our portfolio to forty-four. In late February, we will...
by Erika Luitjens | Nov 3, 2015 | Fund News, SRF Quarterly Newsletter
Stonecrest’s Strategic Realty Fund had a strong third quarter with the REO department selling 29 properties and our Asset Management team selling 13 notes and modifying 8 others. I expect SRF to also have a strong fourth quarter as many of the assets that were...
by Erika Luitjens | Jul 5, 2015 | Fund News, SRF Quarterly Newsletter
Though the Stonecrest’s Strategic Realty Fund is relatively new and most of the invested capital has been raised in 2015, it is already starting to bare the fruits of our labor. We were able to evict, remodel, and sell eighteen properties for a gross profit margin of...
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 4, 2015 | Fund News, SRF Quarterly Newsletter
Since the inception of the Strategic Realty Fund, we have focused on purchasing bank owned properties and non-performing mortgages. During the last half of 2014, we purchased 27 REO properties for $3.6 million through our relationships to a number of auction...
