[su_spacer size=”10″]Performance Report:
As of 3/31/18:
• First quarter average return: 7.2%
• Year-to-date annualized return: 7.2%
• Number of loans: 48
• Gross loan portfolio dollars: $31,148,160 (57.94% in 1st and 42.06% in 2nd position)
• Average loan-to-value: 49.41%*
• Average loan amount: $648,920*
*calculated when loans are initially funded
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Featured Asset:[su_spacer size=”5″]
Our featured property this quarter is located at 572 Chimalus Drive in Palo Alto, California. This 1-story home has 3 bedrooms and 2 bathrooms. Built in 1959, it is 1,436 sqft and sits on a 7,345 sqft lot. The home has been completely remodeled. The property has refinished wood flooring throughout, granite kitchen counters and crown molding.
Our borrower is an active real estate investor who wanted to take advantage of our Line of Credit product for other real estate projects. We provided him with a $820k credit line in 2nd position on his home in Palo Alto at a combined loan-to-value of 59%. The borrower is a past client who has performed well and has an excellent credit profile. This is another solid loan for the portfolio.
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Property Types:
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Past 12 months Annualized Returns:
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