[su_spacer size=”10″]Performance Report:
As of 3/31/19:
• Year-to-date annualized return: 7.2%
• Number of loans:41
• Gross loan portfolio dollars: $35,224,741 (59.97% in 1st and 40.03% in 2nd position)
• Average loan-to-value: 50.19%*
• Average loan amount: $859,140*
*calculated when loans are initially funded
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Featured Asset:[su_spacer size=”5″]
Our featured property this quarter is a 4,513 sq ft single family home that sits on an 11,117 sq ft lot. This 3-story property was built in 1973. It is in a residential neighborhood,
across the street from the golf course – the master bedroom and front porch areas have partial views of the course. The home has 6 bedrooms and 4.5 bathrooms, a built-in pool/spa, covered patio, open deck/patio area, over-sized paver driveway, leased solar electrical system, and 4-car tandem parking garage. It was recently upgraded with newer quartz countertops and a
convection double-oven in the kitchen. The bathrooms have also been upgraded with quartz and granite vanities, custom double sinks, faucets and fixtures.
This borrower was in need of a business line of credit to handle the purchase of a new franchise. In order to meet her short term capital needs, we were able to provide her with a $500K line in 2nd position against her primary residence. Our combined loan-to-value is less than 53%!
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Property Types:
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Past 12 months Annualized Returns:
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